Thai rebar prices increase temporarily on tight supply
2016-01-13 09:05:24 [Print]
BEIJING (Asian Metal) 13 Jan 16 - The price of rebar witnesses an upward trend in Thailand for the time being as the supply becomes relatively tight caused by factories’ production halts. The current price of rebar TIS SD40 Φ16-35mm is THB12,800-13,300/t (USD352-366/t) VAT excluded, up by around THB1,000/t (USD27.5/t) compared with that in the end of December. As the supply will continue to be tight in the short term, insiders predict it is unlikely that price of rebar will come down in coming two weeks.
A trader in Samut Prakarn reports that his offer for rebar TIS SD40 Φ16-30mm is THB12,800/t (USD352/t) VAT excluded, increasing by around THB800/t (UDSD22/t) compared with that of two weeks ago. The source reveals that his purchasing price is THB12,200/t (USD336/t) VAT excluded, up by THB500/t (USD14/t) compared with that in the end of last December. The source reveals that 2-3 factories had some financial problems with local banks, so they have to stop their production for rebar temporarily. He reveals that 10% of the output for rebar will be reduced in the month and whether these factories will restart production next month has not been informed.
The source reveals currently his inventory has not been influenced yet, which is around 10,000 tons for the time being, the same as that of last month. “Some customers are a little hesitant to accept higher prices but some others can do,” he says, adding that his sales volume is around 200 tons per week at present, a little higher than that of 170-180 tons per week before the price increased. He does not think the price will fall back before the end of this month.
Another trader in Samut Prakarn disclosed that the offer for rebar TIS SD40 Φ16-25mm is THB13,300/t (USD366/t) VAT excluded, increasing by around THB1,000/t (USD27.5/t) compared with that of two weeks ago. The source confirms a relatively tight supply for rebar at the moment. His inventory was around 4,000 tons at present, while it could reach 5,000 tons at least last month.
The source reveals that the market performance has not seen obvious improvement yet in the recent week as some customers prefer to watch the market and wait for a price decline. He sold 1,100 tons last week, a little higher than that of 1,000 tons per week in December. The source does not think prices will fall back in the short term as some factories will not produce materials in the coming month and the supply will continue to be tight shortly.
A trader in Samut Prakarn reports that his offer for rebar TIS SD40 Φ16-30mm is THB12,800/t (USD352/t) VAT excluded, increasing by around THB800/t (UDSD22/t) compared with that of two weeks ago. The source reveals that his purchasing price is THB12,200/t (USD336/t) VAT excluded, up by THB500/t (USD14/t) compared with that in the end of last December. The source reveals that 2-3 factories had some financial problems with local banks, so they have to stop their production for rebar temporarily. He reveals that 10% of the output for rebar will be reduced in the month and whether these factories will restart production next month has not been informed.
The source reveals currently his inventory has not been influenced yet, which is around 10,000 tons for the time being, the same as that of last month. “Some customers are a little hesitant to accept higher prices but some others can do,” he says, adding that his sales volume is around 200 tons per week at present, a little higher than that of 170-180 tons per week before the price increased. He does not think the price will fall back before the end of this month.
Another trader in Samut Prakarn disclosed that the offer for rebar TIS SD40 Φ16-25mm is THB13,300/t (USD366/t) VAT excluded, increasing by around THB1,000/t (USD27.5/t) compared with that of two weeks ago. The source confirms a relatively tight supply for rebar at the moment. His inventory was around 4,000 tons at present, while it could reach 5,000 tons at least last month.
The source reveals that the market performance has not seen obvious improvement yet in the recent week as some customers prefer to watch the market and wait for a price decline. He sold 1,100 tons last week, a little higher than that of 1,000 tons per week in December. The source does not think prices will fall back in the short term as some factories will not produce materials in the coming month and the supply will continue to be tight shortly.
