Chinese EGI coil prices decrease
2015-07-21 08:53:49 [Print]
BEIJING (Asian Metal) 21 July 15 - The EGI coil market in China continues to perform inactively coupled with falling prices at the moment. As the demand from downstream consumers remains stagnant, insiders predict that it is possible for the price of EGI coil to come down in the short term.
A trader of EGI coil in Shanghai states that the price of SECC-N5 1.0mm*1,250mm*C (with anti-finger print treatment) from Baosteel is RMB4,950/t (USD797/t) VAT included, falling by RMB50/t (USD8/t) compared with that of last week.
Noted by the source, he has cut prices by RMB250/t (USD40/t) in the recent month, influenced by the bad market performance. “Prices continuously dropped by around RMB1,000/t (USD161/t) in past four months,” he says, adding that his current inventory is around 300 tons and the source has reduced it by around 200 tons since Q1 of this year. In his opinion, it is hard for the EGI coil market to see improvement in the traditional off-season.
An EGI coil distributor in Guangzhou, Guangdong Province says the price of SECC-AFP 1.0mm*1,250mm*C (with anti-finger print treatment) from Douyuan Steel is RMB4,450/t (USD717/t) VAT included, RMB50/t (USD8/t) lower than that of last week.
According to the source, most downstream consumers are purchasing materials according to urgent needs at present. The source reveals that he can offer a discount of RMB20-30/t (USD3-4/t) to customers who have firm orders as he is a little eager to promote sales to withdraw capital with the end of the month approaching. He states that the market performance was not good at all influenced by the rainy weather these days. He predicts a price decline for EGI coil in coming several days.
A trader of EGI coil in Shanghai states that the price of SECC-N5 1.0mm*1,250mm*C (with anti-finger print treatment) from Baosteel is RMB4,950/t (USD797/t) VAT included, falling by RMB50/t (USD8/t) compared with that of last week.
Noted by the source, he has cut prices by RMB250/t (USD40/t) in the recent month, influenced by the bad market performance. “Prices continuously dropped by around RMB1,000/t (USD161/t) in past four months,” he says, adding that his current inventory is around 300 tons and the source has reduced it by around 200 tons since Q1 of this year. In his opinion, it is hard for the EGI coil market to see improvement in the traditional off-season.
An EGI coil distributor in Guangzhou, Guangdong Province says the price of SECC-AFP 1.0mm*1,250mm*C (with anti-finger print treatment) from Douyuan Steel is RMB4,450/t (USD717/t) VAT included, RMB50/t (USD8/t) lower than that of last week.
According to the source, most downstream consumers are purchasing materials according to urgent needs at present. The source reveals that he can offer a discount of RMB20-30/t (USD3-4/t) to customers who have firm orders as he is a little eager to promote sales to withdraw capital with the end of the month approaching. He states that the market performance was not good at all influenced by the rainy weather these days. He predicts a price decline for EGI coil in coming several days.
