The Asian Sheet Metal Market Has Raised Prices, And The Price Difference Between Hot And Cold Is Basically The Same

During the week ending September 24th, due to the Chinese government’s announcement of a series of economic stimulus measures, prices for cold-rolled coils in Asia have significantly increased. SS400 HRC has increased by $7 per ton, reaching $456 per ton FOB China on September 24th. The price of Southeast Asian coil at the same level has increased by $13, with a CFR of $470 per ton. The export quotation was raised to $459 per ton offshore price in Jingtang earlier. The quotes for Q235 and Q195 in Vietnam have risen to the CFR level of around $475 per ton, an increase of $5 per ton from the quote on September 23. Some South Korean SAE1006 transactions are priced at $490 per ton, so China’s resource advantage is not significant. According to a Vietnamese trader, a Vietnamese buyer recently purchased 20000 tons of SAE1006 hot coils from China at a FOB price of $475 per ton, an increase of $5.

In terms of cold coils, SPCC grade 1mm thick cold coils are priced at $518/ton FOB China, up $6/ton this week. On September 24th, China’s export prices rose to $529-530 per ton FOB, after hovering in the $515-520 per ton FOB range the previous week. The price difference between the export prices of cold coils and SAE1006 grade hot coils has widened from $42/ton a week ago to $43/ton.