CRC prices stable in Thailand
2015-07-15 09:04:55 [Print]
BEIJING (Asian Metal) 15 Jul 15 - The price of CRC in Thailand remains stable for the time being, while the market runs slowly due to the stagnant demand from downstream consumers. Insiders deem that it is likely that the price of CRC will come down slightly in the short term.
A CRC purchaser in Bangkok reports to Asian Metal that the price of SPCC 1.0mm*1,250mm*C from local steel mills is THB25,700/t (USD755/t) VAT included, the same as that of last week.
Noted by the source, he purchases CRC to produce press fitted parts. His regular purchasing volume is around 500 tons per month, while it is only 300 tons per month. “It is the traditional off-season for CRC consumption at the moment,” he says, adding that prices went down by around THB1,000/t (USD29/t) in the past month and are likely to come down further in the near future. He is cautious about placing orders at the moment.
A CRC trader in Bangkok states that the price of SPCC 1.0mm*1,250mm*C from local steel mills is THB25,600/t (USD752/t) VAT included, the same as that of a week ago.
According to the source, the price of HRC SS400 3.0mm*1,250mm*C is THB20,500/t (USD602/t) VAT included, which has been stable for two weeks. As a consequence, CRC traders hold prices unchanged at the moment. However, the source states that there is little activity in the market as the demand from downstream consumers is stagnant. He has suspended importing CRC in recent two momths even though suppliers can offer low quotations.
A CRC purchaser in Bangkok reports to Asian Metal that the price of SPCC 1.0mm*1,250mm*C from local steel mills is THB25,700/t (USD755/t) VAT included, the same as that of last week.
Noted by the source, he purchases CRC to produce press fitted parts. His regular purchasing volume is around 500 tons per month, while it is only 300 tons per month. “It is the traditional off-season for CRC consumption at the moment,” he says, adding that prices went down by around THB1,000/t (USD29/t) in the past month and are likely to come down further in the near future. He is cautious about placing orders at the moment.
A CRC trader in Bangkok states that the price of SPCC 1.0mm*1,250mm*C from local steel mills is THB25,600/t (USD752/t) VAT included, the same as that of a week ago.
According to the source, the price of HRC SS400 3.0mm*1,250mm*C is THB20,500/t (USD602/t) VAT included, which has been stable for two weeks. As a consequence, CRC traders hold prices unchanged at the moment. However, the source states that there is little activity in the market as the demand from downstream consumers is stagnant. He has suspended importing CRC in recent two momths even though suppliers can offer low quotations.
