[SMM Steel] Индонезийская катанка подешевела на 3 долл./т до 502 долл./т FOB, поскольку крупный завод снизил цену для защиты доли рынка

[Vietnam] Vietnam's HRC import market remained subdued as buyers increasingly prioritised domestic supply. Chinese Q195 HRC offers declined by USD 2/tonne week on week to USD 500/tonne CFR, while Q235 offers stood at USD 510/tonne CFR. Indonesian SS400/SAE1006 HRC offers rose to USD 540–542/tonne CFR, while Indian SAE1006 offers increased to USD 555–560/tonne CFR. No import transactions were reported last week, as buyers had previously replenished inventories and favoured domestic material. Market participants estimated that a major domestic steelmaker sold approximately 600,000–650,000 tonnes of HRC during its latest sales round.

Today, HRC futures consolidated lower, with the most-traded HC2701 contract closing at 3,255 yuan/mt, up 0.12% for the day. Most spot markets fluctuated by 10 yuan/mt. On the fundamentals, in terms of supply, according to SMM's latest production schedule survey, the planned HRC commercial output of the 54 steel mills in SMM's expanded sample totaled 17.5645 million mt, down 0.41% from last month's actual production. On a daily average basis, October's daily average HRC commercial production schedule was 566,600 mt, down 3.62% MoM from the actual daily average production. On the demand side, downstream buyers showed no significant restocking after the holiday, with the machinery sector providing moderate support while demand from the automobile and home appliance sectors remained weak overall. Downstream buyers showed low acceptance of high-priced resources, while transactions for low-priced resources were moderate. On the cost side, marginal support weakened. The first round of coke price cuts was implemented during the National Day holiday, and iron ore prices moved lower in tandem. Meanwhile, some steel mills have initiated a second round of coke price cuts, which is expected to be implemented this week. In summary, the HRC market lacks driving forces in the short term, and prices are expected to remain in the doldrums.

[Листы и плиты] Сегодня экспортные цены на горячекатаный рулон и некоторые другие листы и плиты оставались стабильными или немного снизились в суточном выражении, при этом цены сделок на горячекатаный рулон сосредоточены в диапазоне $493-496 за тонну. В целом рыночные настроения в торговле были умеренными, котировки производителей и трейдеров расходились. Производители в основном удерживали цены на прежнем уровне, в то время как на рынке появились некоторые ресурсы по более низким ценам.