• Copper Conc. TC 25%min CIF Chinadown(-3)  06-13|Wire Rod SAE1008 5.5mm In warehouse Kuala Lumpurdown(-70)  06-13|Cobalt Oxide 72%min In warehouse Rotterdamdown(-0.6)  06-13|Ferro-titanium 70%min EXW Indiadown(-10)  06-13|Tantalum Metal 99.95%min Delivered USup(10)  06-13|Silicon Carbide Black 98%min F16-100 FOB Chinadown(-30)  06-13|Selenium Dioxide 98%min Delivered Chinadown(-3)  06-13|Antimony Trioxide 99.5%min In warehouse Baltimoreup(0.8)  06-13|Silicon Carbide Black 98%min F16-100 EXW Chinadown(-200)  06-13|Ferro-titanium 70%min Delivered USdown(-0.2)  06-13|Silicon Carbide Black 88%min 0-10mm In warehouse Rotterdamdown(-20)  06-13|Silicon Carbide Black 88%min 0-10mm EXW Chinadown(-100)  06-13|Zirconium Silicate Zr(Hf)O2 64.5%min EXW Chinadown(-300)  06-13|Tellurium Metal 99.9%min In warehouse Rotterdamup(2)  06-13
  • Thai HRC market quiet

    2024-04-18 08:32:55   [Print]
    BEIJING (Asian Metal) 18 Apr 24 - Though the Songkran Festival came to an end on Wednesday, lots of end users did not come back, and the HRC market ran slowly in Thailand.Asian Metal Copyright0mm*1,500mm hover at THB23,000-24,000t USD623-650t DP in warehouse Bangkok, in line with late last week.Asian Metal Copyright Presently, the prevailing prices of HRC SS400 3.0mm*1,500mm hover at THB23,000-24,000/t (USD623-650/t) D/P in warehouse Bangkok, in line with late last week.Asian Metal Copyright We believe the market unlikely to recover before next Monday," complained a local trader, who did not conclude any deals on Wednesday, and last sold 60t of HRC SS400 3.Asian Metal Copyright Insiders foresee narrowly stable prices in the following several days upon the watchful atmosphere in the market.

    "We tried to contact several regular clients on Wednesday, the first working day after the 7-day Songkran Festival holiday, but they either have not returned to the market yet or showed little intention in placing orders. We believe the market unlikely to recover before next Monday," complained a local trader, who did not conclude any deals on Wednesday, and last sold 60t of HRC SS400 3.0mm*1,500mm at THB23,400/t (USD634/t) early last week.Asian Metal Copyright With the regular monthly sales volume of 2,100t, he recorded the sales volume of more or less 25,400t in 2023 and 7,300t in the first quarter of 2024.Asian Metal Copyright In the meantime, the trader disclosed that the frequent price fluctuations in China also weaken the purchasing enthusiasms of local end users to some degree.Asian Metal CopyrightBEIJING Asian Metal 18 Apr 24 - Though the Songkran Festival came to an end on Wednesday, lots of end users did not come back, and the HRC market ran slowly in Thailand.Asian Metal Copyright Adopting wait-and-see attitude towards the market prospect, the trader does not plan to adjust prices and forecasts flat prices of HRC in the forthcoming several days.

    Holding around 2,000t in stock, the trader might sell 1,700t of HRC in April, against 2,100t in March. With the regular monthly sales volume of 2,100t, he recorded the sales volume of more or less 25,400t in 2023 and 7,300t in the first quarter of 2024.

    Another local trader confirms the stagnant market right after the Songkran Festival. "We received several inquiries on Wednesday, but clients refused to negotiate further after getting the offers. We did not close any deals on Wednesday, and last sold 100t of HRC at THB23,500/t (USD637/t) before the holiday," noted the trader, offering THB23,500/t (USD637/t) D/P without concession for HRC SS400 3.Asian Metal Copyright Another local trader confirms the stagnant market right after the Songkran Festival.Asian Metal Copyright0mm*1,500mm right now.Asian Metal Copyright We did not close any deals on Wednesday, and last sold 100t of HRC at THB23,500t USD637t before the holiday," noted the trader, offering THB23,500t USD637t DP without concession for HRC SS400 3.Asian Metal Copyright In the meantime, he points out that the demand from downstream industries improves gradually with the anticipation for the new budget from the government in May. However, end users tend to separate purchasing volumes to avoid potential risks, deeming prices of HRC would drop to below THB23,000/t (USD623/t) before the end of April.Asian Metal Copyright0mm*1,500mm right now.Asian Metal Copyright Upon the rising production costs from steel mills due to the depreciation of Thai Baht but the low purchasing activities of end users, the trader believes prices of HRC would go on stable in the upcoming several days.

    Based on the typical sales volume of 2,500tpm, the trader predicts to sell approximately 800t in April, down from 1,000t in March. He roughly sold 5,000t of HRC in the first quarter of 2024 and 20,600t in 2023, without any stocks for the moment.


    .Asian Metal Copyright "We tried to contact several regular clients on Wednesday, the first working day after the 7-day Songkran Festival holiday, but they either have not returned to the market yet or showed little intention in placing ordersAsian Metal Copyright
      Copyright © Asian Metal Ltd All rights reserved.