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| Japanese Tinplate Exports To Saudi Arabia At $1,800 FOB |
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Japanese integrated steelmakers have negotiated tinplate exports to Saudi Arabia at US$1,800/ton FOB for the product of 0.2mm thick for shipments in the October-December quarter, up nearly $540 from the earlier settlement. In the Middle East, most of the tinplate imports are usually sourced from Europe. In Europe, though, major steelmakers have reduced tinplate production facilities at their works. Also, Rasselstein GmbH, Germany's largest tinplate manufacturer, has announced a reduction of its tinplate production to meet a scarcity of HR coils for TMBP (the substrate for tinplate). As a result, European steelmakers as a whole have little leeway to negotiate tinplate exports to the Middle East, according to market sources. In this connection, South Korea's tinplate manufacturers are reported to have firmed up export deals for Q4 shipments to the Middle East out of their offers at US$1,900-2,000/ton C&F. In Asia, it is likely that Thailand's tinplate producers will execute a price increase of Bht10,000/ton (about US$303) for domestic sales in the October-December quarter. They attempted a price increase of Bht6,000/ton (US$180) in the July-September quarter. But the Thai government approved a price increase of Bht3,000/ton only for export tinplate while having rejected any domestic price increase of tinplate in August under the government's commodity price control. |
| last modified : Mon 01 Sep, 2008 [11:26] |
