10. Mar. 2010
China Steel Corp. to raise HRC leeway price
Taiwan’s China Steel Corp. (CSC) will release its leeway resources soon and it is estimated that CSC would lift the HRC price by NT$600/ton. Currently, CSC is studying the operation of Leeway and calculating the quantity of HRC, CRC and GI products. With the increasing raw material cost on the international market, how much CSC’s leeway will increase on price still remained as an open question. Market participants said that HRC from CSC’s Leeway would probably go up by NT$600/ton due to tight supply.
Taiwan’s CRC prices shoot up
The transaction of CRC seemed active while the transaction of HRC remained quiet on the Taiwan market. Last week, because of the shortage of CRC and estimation that Chung Hung Steel (CSC) would lift the price dramatically, buyers booked the order for CRC one after another. CSC is expected to lift the HRC and CRC price by NT$600/ton and NT$800/ton respectively for April and May on 24th February. Traders said that because of the decreasing output of cold rolled sheet from China, the offer from China is also shooting up.
[Yieh news]
Base Metal Prices-Mumbai - Mar.
10. Mar. 2010
Mar 9 - Tuesday's Prices in rupees per tonne at the Bombay Metal Exchange:
Tuesday's // Previous
Copper wire bars (HCL*) 397,000 // 397,000
Aluminum ingots 116,000 // 116,000
Zinc slab 129,000 // 129,000
Lead ingot 109,000 // 110,000 Tin
slab 912,000 // 910,000 Nickel
Cathode 1,045,000 // 1,055,000 SCRAP
Copper cable scrap 369,000 // 369,000
Copper heavy scrap 364,000 // 362,000
Copper armeture 355,000 // 355,000
Copper utensil scrap 335,000 // 335,000
Copper sheet cutting 351,000 // 352,000
Brass utensil scrap 255,000 // 256,000
Brass sheet cuttings 264,000 // 264,000
Aluminum utensil scrap 95,000 // 94,000
NOTE:- Copper rods and Copper cathode data are not been publish due to unavailability of data from the source(Hindustan Copper Ltd.)
[Reuters]
Mar 9 - Tuesday's Prices in rupees per tonne at the Bombay Metal Exchange:
Tuesday's // Previous
Copper wire bars (HCL*) 397,000 // 397,000
Aluminum ingots 116,000 // 116,000
Zinc slab 129,000 // 129,000
Lead ingot 109,000 // 110,000 Tin
slab 912,000 // 910,000 Nickel
Cathode 1,045,000 // 1,055,000 SCRAP
Copper cable scrap 369,000 // 369,000
Copper heavy scrap 364,000 // 362,000
Copper armeture 355,000 // 355,000
Copper utensil scrap 335,000 // 335,000
Copper sheet cutting 351,000 // 352,000
Brass utensil scrap 255,000 // 256,000
Brass sheet cuttings 264,000 // 264,000
Aluminum utensil scrap 95,000 // 94,000
NOTE:- Copper rods and Copper cathode data are not been publish due to unavailability of data from the source(Hindustan Copper Ltd.)
[Reuters]
Fertilizer Prices Report (weekly)
7. Mar. 2010
PRILLED UREA
Again as expected, prices have rallied from last week's lows, bolstered by resugent Latin American demand. FSU prills have sold at $282-285pt fob Ukraine while Baltic prices have also gained to $275-277pt fob from the icefree ports. The outllok for balance March is firm.
Buyers in Mexico and, to a lesser extent, Brazil have stepped into the market to book over 200,000t of urea over the past few days, mostly from the FSU. This demand has mopped up unsold tonnage in the Baltic and Black Sea and, as expected, prices have begun to recover. At presstime Mexican buyers were bidding in the low-$280s pt fob Yuzhnyy equivalent for new cargoes – one sale already nets $283-284pt fob Yuzhnyy. Initially the run of buying did not encourage traders to book new tonnage at $285pt fob Yuzhnyy, but this price has now been achieved in the expectation that further gains will be seen in the weeks ahead. Indeed, it is possible that prices will test the highs witnessed in late January/early February.
GRANULAR UREA
As expected Egyptian granular urea prices have dropped sharply towards $315pt fob. Interest is evident close to this level for Canada and Europe. Thus, Egyptian prices are probably close to the floor. Venezuelan product has been sold to Mexico at $313pt fob, in line with returns possible in the US Gulf.
Egyptian prices have tumbled with the latest sales tender bringing a highest bid $15pt below last done. However, this may be close to the floor as European demand should begin to build as weather improves. Further, US prices for April reflect above $320pt fob and, finally, Egyptian producers have been requested to supply 400,000t to the local market April-July.
In Asia, Chinese export prices remain high at $325pt fob for prills, $10pt extra for granular. Middle East suppliers are comfortable for the month and have rejected approaches for granular sub $315pt fob.
While the urea market has not changed from cool to super-hot, a floor level has now been found for FSU product and perhaps also in Egypt and the US Gulf. However, for the market to really take off beyond Q1, major demand will be needed from the Indian subcontinent to fill in the gaps as Western offtake slows.
UAN
The general outllook for UAN is good in N America and France as this nitrogen source is cheap. However, with tanks full in France traders are competing to secure small business at lower prices. This will continue until spring movement begins later in March.
Source: Argaam, Profercy report, Fertilizeer-Index.
PRILLED UREA
Again as expected, prices have rallied from last week's lows, bolstered by resugent Latin American demand. FSU prills have sold at $282-285pt fob Ukraine while Baltic prices have also gained to $275-277pt fob from the icefree ports. The outllok for balance March is firm.
Buyers in Mexico and, to a lesser extent, Brazil have stepped into the market to book over 200,000t of urea over the past few days, mostly from the FSU. This demand has mopped up unsold tonnage in the Baltic and Black Sea and, as expected, prices have begun to recover. At presstime Mexican buyers were bidding in the low-$280s pt fob Yuzhnyy equivalent for new cargoes – one sale already nets $283-284pt fob Yuzhnyy. Initially the run of buying did not encourage traders to book new tonnage at $285pt fob Yuzhnyy, but this price has now been achieved in the expectation that further gains will be seen in the weeks ahead. Indeed, it is possible that prices will test the highs witnessed in late January/early February.
GRANULAR UREA
As expected Egyptian granular urea prices have dropped sharply towards $315pt fob. Interest is evident close to this level for Canada and Europe. Thus, Egyptian prices are probably close to the floor. Venezuelan product has been sold to Mexico at $313pt fob, in line with returns possible in the US Gulf.
Egyptian prices have tumbled with the latest sales tender bringing a highest bid $15pt below last done. However, this may be close to the floor as European demand should begin to build as weather improves. Further, US prices for April reflect above $320pt fob and, finally, Egyptian producers have been requested to supply 400,000t to the local market April-July.
In Asia, Chinese export prices remain high at $325pt fob for prills, $10pt extra for granular. Middle East suppliers are comfortable for the month and have rejected approaches for granular sub $315pt fob.
While the urea market has not changed from cool to super-hot, a floor level has now been found for FSU product and perhaps also in Egypt and the US Gulf. However, for the market to really take off beyond Q1, major demand will be needed from the Indian subcontinent to fill in the gaps as Western offtake slows.
UAN
The general outllook for UAN is good in N America and France as this nitrogen source is cheap. However, with tanks full in France traders are competing to secure small business at lower prices. This will continue until spring movement begins later in March.
Source: Argaam, Profercy report, Fertilizeer-Index.
Petrochemical Prices Report (weekly)
7 Mar. 2010
Indicator of petrochemicals prices:
The indicator of (Argaam), "which measure the prices of basket of petrochemicals products which produced in the gulf region in meddile east", reveal decrease during this week in 4.2 points, to reach at 239.7 points compared with the previous week level of 243.9 points.
Worth mentioning that the indicator since six weeks move in the rang of 238 & 244 point.
Ethylene prices continued to decline for fourth constantly week to stable at 1.100$ per tonne (-70), becoming lost about 200$ compared to higher level recorded in late January and early February, with instant market supplies increased, especially from the Arabian Gulf.
Conversely, propylene prices rose to its highest level since 18 months at 1.250$ per tonne (+ 20), which observers attributed it to the maintenance of many factories and abrupt stop of three factories in Japan over the past two weeks.
Benzene & styrene prices continued to decline for the second week in a row, as MEG prices decline also because of stocks increased.
Indicator of petrochemicals prices:
The indicator of (Argaam), "which measure the prices of basket of petrochemicals products which produced in the gulf region in meddile east", reveal decrease during this week in 4.2 points, to reach at 239.7 points compared with the previous week level of 243.9 points.
Worth mentioning that the indicator since six weeks move in the rang of 238 & 244 point.
Ethylene prices continued to decline for fourth constantly week to stable at 1.100$ per tonne (-70), becoming lost about 200$ compared to higher level recorded in late January and early February, with instant market supplies increased, especially from the Arabian Gulf.
Conversely, propylene prices rose to its highest level since 18 months at 1.250$ per tonne (+ 20), which observers attributed it to the maintenance of many factories and abrupt stop of three factories in Japan over the past two weeks.
Benzene & styrene prices continued to decline for the second week in a row, as MEG prices decline also because of stocks increased.
China Scrap ABS market Weekly Review (Mar. 1st-5th)
5. Mar. 2010
World Scrap- this week, the price of ABS showed upward trend in the upstream petrochemical industry, foreign quotation was somewhat down. Businesses increased watching intention. The price of ABS scrap was basically stable in the market by the cost of support, some offer advanced. The market supply of goods was in good condition, high-quality materials were more susceptible to business concerns, and the market had a certain turnover.
The dynamics in the upstream market
This week, the quotation of the new material—ABS scrap was stable under the market conditions, most quotes were higher in the petrochemical enterprises. But the downstream demand did not timely follow up, the market trade met resistance.
The dynamics of ABS scrap market
This week, ABS plastic scrap market price remained stable. Near the weekend, part of the scrap prices raised only slightly, showing some of the price artificially high state, the stability was not high. Supply available in the market was still capable of manufacturers to meet the downstream demand, the variety was complete. A small part of the supply somewhat was scarce. In order to start a gradual selling, the downstream manufacturers began to produce, so the demand for scrap was increased. Businesses particularly were obvious in the demand for quality sourcing, market goods traded smoothly. Miscellaneous materials market demand was flat; there was small cargo business consultation. Although business was currently held by waiting and seeing attitude, but the confidence of the market outlook Quotes was still bright.
According to the WorldScrap, this week, the price of ABS scrap changed in fewer species, mainly in the smashed materials and alloy materials by the rise of 100-300 RMB/T. the market performance of the actual transactions was in general.
ABS Scrap: This week, the price of ABS scrap was unchanged compared with the last week, and business was holding stability. ABS Computer Shell 5,600-6,200 RMB/T, ABS computer keyboard 4,900-5,400 RMB/T, ABS computer games Chassis 4,800-5,300 RMB/T, ABS black plating material 7,000-7,500 RMB/T, ABS white wood shavings material 9,500-1,0000 RMB/T, ABS transparent nozzle material 9,700-10,300 RMB/T, ABS plastic mottled material 6,900-7,400 RMB/T, ABS white plastic material 9,200-9,600 RMB/T.
ABS broken material: This week, price increased small in some species in the ABS broken material market. The market had some demand, but the market transactions were in general. ABS transparent broken material 9,500-10,000 RMB/T, ABS white broken material 9,000-9,500 RMB/T, ABS mottled broken material 5,700-6,200 RMB/T, ABS computer shell broken gray material 7,300-7,900 RMB/T, ABS / PC Black crushing material 4,900-5,400 RMB/T, up by 300 RMB than last week's quotation.
ABS crushed material: This week, by the driven demand, the price of ABS crushed material had risen. Performance of the overall market was in general. ABS white crushed material 9,700-10,200 RMB/T, compared with last week's quotes increased by 100 RMB/T, ABS gray crushed material 7,400-7,900 RMB/T, ABS mottled crushed material 5,900-6,400 RMB/T, ABS black crushed material 7,800 -8,300 RMB/T, up by 200 RMB than last week's quotation.
Expectation of future
This week, ABS waste plastics market did not appear the good momentum. The main market was in the stable conditions, businesses were more concerned about the market trends, they held more hesitant attitude with caution. Next week, the market will remain stable, the market volatility are less likely to offer, up losses will be limited. Merchants will purchase based on the demand of businesses.
[WorldScrap]
World Scrap- this week, the price of ABS showed upward trend in the upstream petrochemical industry, foreign quotation was somewhat down. Businesses increased watching intention. The price of ABS scrap was basically stable in the market by the cost of support, some offer advanced. The market supply of goods was in good condition, high-quality materials were more susceptible to business concerns, and the market had a certain turnover.
The dynamics in the upstream market
This week, the quotation of the new material—ABS scrap was stable under the market conditions, most quotes were higher in the petrochemical enterprises. But the downstream demand did not timely follow up, the market trade met resistance.
The dynamics of ABS scrap market
This week, ABS plastic scrap market price remained stable. Near the weekend, part of the scrap prices raised only slightly, showing some of the price artificially high state, the stability was not high. Supply available in the market was still capable of manufacturers to meet the downstream demand, the variety was complete. A small part of the supply somewhat was scarce. In order to start a gradual selling, the downstream manufacturers began to produce, so the demand for scrap was increased. Businesses particularly were obvious in the demand for quality sourcing, market goods traded smoothly. Miscellaneous materials market demand was flat; there was small cargo business consultation. Although business was currently held by waiting and seeing attitude, but the confidence of the market outlook Quotes was still bright.
According to the WorldScrap, this week, the price of ABS scrap changed in fewer species, mainly in the smashed materials and alloy materials by the rise of 100-300 RMB/T. the market performance of the actual transactions was in general.
ABS Scrap: This week, the price of ABS scrap was unchanged compared with the last week, and business was holding stability. ABS Computer Shell 5,600-6,200 RMB/T, ABS computer keyboard 4,900-5,400 RMB/T, ABS computer games Chassis 4,800-5,300 RMB/T, ABS black plating material 7,000-7,500 RMB/T, ABS white wood shavings material 9,500-1,0000 RMB/T, ABS transparent nozzle material 9,700-10,300 RMB/T, ABS plastic mottled material 6,900-7,400 RMB/T, ABS white plastic material 9,200-9,600 RMB/T.
ABS broken material: This week, price increased small in some species in the ABS broken material market. The market had some demand, but the market transactions were in general. ABS transparent broken material 9,500-10,000 RMB/T, ABS white broken material 9,000-9,500 RMB/T, ABS mottled broken material 5,700-6,200 RMB/T, ABS computer shell broken gray material 7,300-7,900 RMB/T, ABS / PC Black crushing material 4,900-5,400 RMB/T, up by 300 RMB than last week's quotation.
ABS crushed material: This week, by the driven demand, the price of ABS crushed material had risen. Performance of the overall market was in general. ABS white crushed material 9,700-10,200 RMB/T, compared with last week's quotes increased by 100 RMB/T, ABS gray crushed material 7,400-7,900 RMB/T, ABS mottled crushed material 5,900-6,400 RMB/T, ABS black crushed material 7,800 -8,300 RMB/T, up by 200 RMB than last week's quotation.
Expectation of future
This week, ABS waste plastics market did not appear the good momentum. The main market was in the stable conditions, businesses were more concerned about the market trends, they held more hesitant attitude with caution. Next week, the market will remain stable, the market volatility are less likely to offer, up losses will be limited. Merchants will purchase based on the demand of businesses.
[WorldScrap]
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