According to information available with Steel Insights, the premium variety was quoted at $155 per ton FOB Australia on August 30, 2019 as against $171 per ton FOB Australia on July 31, 2019. Peak Down prices were quoted at $156 per ton FOB Australia on August 30, 2019 as compared to $172 per ton FOB Australia on July 31, 2019.
Seaborne prices plunged in the first week of August before stabilising towards the close of the month, amid speculation that the prices might have bottomed out. Trading was muted in the seaborne market. Prices might not fall further after the recent spate of decreases, trading sources said.
At the current level, prices got some support with some Chinese buying activity keeping prices largely at prevailing levels. Buyers were taking a wait and watch posture.
Meanwhile, steel mill sources in India highlighted the bleak downstream market conditions in the South Asian country, citing a liquidity crunch and poor performance of its automotive sector as reasons for subdued demand for steel products, which, in turn, saps Indian steelmakers’ appetite for buying the key raw material for making steel.
この記事は Steel Insights の September 2019 版に掲載されています。
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この記事は Steel Insights の September 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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