Qian’an Rentai Metal Products Co.,Ltd

A glut ofIndian-origin hot rolled coil is depressing market sentiment in SoutheastAsia.

From: Kallanish
publisher: Rentai steel
Time: 2019-07-29
Summary: A glut ofIndian-origin hot rolled coil is depressing market sentiment in SoutheastAsia. Prices of Indian material, already the cheapest compared to other origins, could falter some more!

Kallanish(开阑商务信息咨询)获悉,印度热轧卷供应过剩打压东南亚市场情绪。与其他产地的资源相比,印度热轧卷价格已是最低,并且有可能再度下跌。

A glut ofIndian-origin hot rolled coil is depressing market sentiment in SoutheastAsia.  Prices of Indian material, already the cheapest compared to otherorigins, could falter some more, Kallanish understands.


市场攀升时,贸易商已建仓。一位印度贸易商说,一家大型贸易公司在过去一个月订购了10万吨印度SAE 1006厚度2mm及以上的热轧卷,开始价格为480美元/fob印度,后来升至510美元/fob。他表示,其他人做法相同,现在正放弃这些仓位。

Traders took positions when the market was creeping up. A large trading house booked 100,000tonnes of Indian SAE 1006 2mm and up thickness HRC over the past month, starting when prices were at $480/t fob India and up to $510/t fob, an Indian trader relates. Others did the same too and are now letting go of these positions, he says.


一位印度贸易商说,目前大多数印度钢厂报价为500美元/fob,但也有一些钢厂报价为495美元/fob。他补充说,目前印度钢厂对越南的主流报价为510-515美元/cfr,但还盘为500-505美元/cfr

Most Indian mills are currently offering at $500/t fob, but some are offering at $495/t fob too, an Indian trader says. Current offers from Indian mills to Vietnam are prevailing at $510-515/t cfr, but bids are at $500-505/t cfr, he adds.


一位越南贸易商说,目前印度热轧卷报价为510美元/cfr越南。虽然供应商正在以505美元/cfr收集还盘,但他未听闻还盘。在715日开始的一周,印度热轧卷最后成交价约为510美元/cfr越南。

Indian HRCis currently offered at $510/t cfr Vietnam, a Vietnamese trader comments. While the supplier is inviting bids at $505/t cfr, he has not heard of bids. Deals for Indian HRC last took place at around $510/t cfr Vietnam during the week beginning 15 July.


不过,一些中国贸易人士说,听闻一宗印度热轧卷报盘为505美元/cfr越南,但未得到其他人证实。

However, some Chinese trading sources report hearing an offer for Indian HRC at $505/t cfr Vietnam which others could not confirm.


一位地区贸易商说,在中东地区,一些贸易商正在接受485美元/fob印度的还盘,这意味着这些贸易商可以接受约500美元/cfr东南亚的价格。但贸易商维持价格不变,原因是他们仍有很多未售出的高价货物。不过,若铁矿石价格保持坚挺直到9月,届时预计低迷的印度国内市场将会回升,热轧卷价格有可能得到支撑(另见报道)。

A regional trader reports that some suppliers are accepting bids at $485/t fob India into the Middle East, which would imply that these suppliers could accept around $500/t cfr SE Asia. But traders are holding their prices because they still have a lot of high-priced unsold cargoes, he says. However, the market could find support if iron ore remains firm till September when the weak Indian domestic market is expected to rebound (see separate report).


越南方面,日本和韩国2mm SAE 1006热轧卷报价仍分别为540美元/cfr530美元/cfr

In Vietnam,Japanese and South Korean 2mm base SAE 1006 HRC are still offered at $540/t cfr and $530/t cfr respectively.


Kallanish2-2.7mm SAE1006热轧卷估价为505-510美元/cfr越南,周环比下降5美元/吨。

Kallanish assessed 2-2.7mm SAE1006 HRC at $505-510/t cfr Vietnam, down $5 on-week.


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