Thai CRC market sees no improvement
2014-09-25 09:03:08 [Print]
BEIJING (Asian Metal) 25 Sep 14 - The price of CRC in Thailand is still on a stable trend at the moment, while the market performance remains unsatisfactory. There are no signs of demand release from downstream consumers, so insiders deem that it is hard for the market to show improvement in the near future.
A trader in Bangkok reports to Asian Metal that the price of SPCC 1.0mm*1,250mm*C is THB28,000/t (USD870/t) , unchanged compared with that of last week.
The source reveals that the market price of HRC SS400 3.0mm is THB20,300/t (USD630/t) at the moment, equaling to that of last week. CRC traders are unwilling to adjust quotations under the quiet market situation. According to the source, the price of CRC has been stable for about one month. However, the demand from downstream buyers does not show signs of releasing even though it is in the traditional high season for steel consumption. He predicts the sales volume of CRC will be 250 tons in September, less than the target one of 300 tons.
Another trader in Bangkok states that his quotation for SPCC 1.2mm*1,250mm*C from local steel mills is THB26,000/t (USD807/t), the same as that of last week.
Noted by the source, his current purchase volume of CRC from local steel mills is 300-400tpm in Q3 of this year. However, it was as high as 500tpm in Q1 of this year. “The CRC market performed less and less actively in the first half of this year and the demand from downstream buyers shrank a lot during the past several months,” he says, adding that he prefers to hold a cautious attitude towards the future market.
A trader in Bangkok reports to Asian Metal that the price of SPCC 1.0mm*1,250mm*C is THB28,000/t (USD870/t) , unchanged compared with that of last week.
The source reveals that the market price of HRC SS400 3.0mm is THB20,300/t (USD630/t) at the moment, equaling to that of last week. CRC traders are unwilling to adjust quotations under the quiet market situation. According to the source, the price of CRC has been stable for about one month. However, the demand from downstream buyers does not show signs of releasing even though it is in the traditional high season for steel consumption. He predicts the sales volume of CRC will be 250 tons in September, less than the target one of 300 tons.
Another trader in Bangkok states that his quotation for SPCC 1.2mm*1,250mm*C from local steel mills is THB26,000/t (USD807/t), the same as that of last week.
Noted by the source, his current purchase volume of CRC from local steel mills is 300-400tpm in Q3 of this year. However, it was as high as 500tpm in Q1 of this year. “The CRC market performed less and less actively in the first half of this year and the demand from downstream buyers shrank a lot during the past several months,” he says, adding that he prefers to hold a cautious attitude towards the future market.
