Cold Rolled Coil Prices Online

North America

Prices for US Cold Rolled Coil dwindled in the fourth quarter of 2022 due to a lack of price direction and major logistics concerns. In the fourth quarter, the steel market awaited the outcome of contract negotiations between integrated steelmaker US Steel and USW, which expired on September 1st, 2022. However, the US government intervened to prevent a national freight rail strike by forcing union members to accept a deal and raise employee wages. Additionally, the Mississippi River's water level dropped in the final quarter, resulting in costly dredging, traffic congestion, and shipping delays. Furthermore, shippers were forced to limit the cargo volume their barges could transport to navigate the low water levels safely. High-priced raw materials had higher conversion costs in mid-Q4, with expensive pig iron inventories and higher-priced scrap inventories being the primary drivers of CRC mixed sentiment. As the holiday season approached in December, market participants reported little trading activity in the spot market. The market slowed as mills continued to raise prices in preparation for the Christmas holiday. According to market participants, CRC prices have risen due to trade concerns that winter storms will disrupt logistics and steel production in the United States. As a result, the Ex Midwest (USA) price of CR Coil (1 mm) was set at USD 1033/MT.

Asia Pacific

In the fourth quarter of 2022, the Cold Rolled Coil prices showcased an upswing price trend in the Chinese market amidst sporadic COVID lockdowns, logistics issues, and a shrinking demand outlook. In October, the prices of Cold-Rolled Coil plunged in the backdrop of shrinking demand and limited purchasing activity. Large Chinese mills resisted lowering their offers in export markets, while spot traders began to sell short. By November, nickel and steel had begun rallying again. However, suppliers remained rampant with an inventory. Furthermore, Chinese scrap prices rose in mid-Q4, but the price gains were offset. Additionally, the Federal Reserve's interest rate hike continued to hurt the commodity market, so the market was pessimistic. Suppliers reduced market shipments as winter restocking expectations fell. In December, Cold Rolled Coil prices appeared bullish again, making the 2023 Q1 price outlook appear more bullish. Thus, the Ex Tianjin (China) CR coil (SPCC-1 mm) price was fixed at USD 666/MT.

Europe

Prices for Coil Rolled Coil in the European market fell in the fourth quarter of 2022 due to low demand, increased supply chain stocks, and cautious end-user purchasing activity. The European cold-rolled coil market remained quiet in Q4, according to suppliers, with some suppliers' discounts failing to stimulate trading activity and fill gaps in their order books. Despite this, regional trade remained subdued in Q4. Distributors reported large stocks of downstream coil purchased at higher prices in the first quarter to avoid restocking in the fourth quarter. To balance supply and demand, several European producers either stopped producing steel or reduced output in the third and fourth quarters of 2022. Mills believed that Cold-Rolled Coil prices had reached a bottom, with no room for further price drops due to higher production costs. Aside from low demand and overstocking, competitive overseas offers had pushed Hot Rolled Coil prices in southern Europe lower. While some buyers need to restock, market participants stated that they would prefer to wait for the price to fall to its lowest point before replenishing stocks for the first quarter of 2023. Thus, the CR Coil (1 mm) prices for Ex Ruhr are fixed at USD 854/MT.

ChemAnalyst tackles the primary difficulty areas of the worldwide chemical, petroleum, pharmaceutical, and petrochemical industries, empowering decision-makers to make informed decisions. It examines and analyses geopolitical risks, environmental concerns, raw material availability, supply chain functioning, and technological disruption. It focuses on market volatility and guarantees that clients manage obstacles and hazards effectively and efficiently. ChemAnalyst's primary expertise has been data timeliness and accuracy, benefiting both local and global industries by tuning in to real-time data points to execute multibillion-dollar projects internationally.

Comments

Post a Comment

Popular posts from this blog

Steel Plate Prices in the Global Market

Image
North America In the final quarter of 2022, the Steel Plate prices plunged in the US market owing to the limited inquiries from the downstream segment. In October, major manufacturers were curtailing production activity to fill the supply-demand gap. The Mississippi River's water level had dropped so low that barges had become stuck, resulting in costly dredging and traffic congestion. According to manufacturers, Steel Plate fell as the market remains concerned about logistics. As shippers cannot load as much weight on a barge at low water levels, barges became much more expensive, causing shipping delays. Towards the quarter's end, the inventory level dropped, and Steel Plate manufacturers started raising prices, anticipating a higher demand outlook before the Christmas holiday. Buyers had opted wait-and-watch outlook as the market slowed ahead of the holidays. Thus, Steel Plate (20 mm) prices for Ex Works Texas (USA) settled at USD 1605/MT. Asia Pacific In the Chinese ma
Read more

Levofloxacin Hemihydrate Prices Trend and Forecast

Image
North America Throughout the last quarter of 2022, the North American region, particularly the United States market, showed declining Levofloxacin Hemihydrate Prices . At the start of the fourth quarter, prices stayed relatively steady because demand inclined positively compared to the previous month. The different reasons that have affected the market for practically all commodities, including Levofloxacin Hemihydrate, are still closely monitored by market participants as fluctuating prices feared them for their losses. Until November, the prices held on the upper end due to lessening domestic market's overall supplies and healthy demand. With this, the price of Levofloxacin Hemihydrate was significantly demonstrated at USD 67220/MT CFR Los Angeles. After mod q-4 the prices of Levofloxacin Hemihydrate dropped considerably with the closure of the local market on account of New-year breaks.  Asia Pacific With the end of the Final Quarter of 2022, Levofloxacin Hemihydrate prices
Read more

Global Aluminium Sheet Prices Online

Image
North America Aluminium Sheet prices in the US market showed downward sentiment in the final quarter of 2022 due to lower end-user inventory levels amid bearish sentiment. According to manufacturers, transportation bottlenecks occurred in October caused by a lack of containers, shippers, and truck drivers, and long lead times at ports and other transportation hubs were the primary causes of this tightness. In mid-Q4, headwinds such as the US and LME's ban on Russian aluminium increased the price of an Aluminium sheet. However, during the Thanksgiving holiday, the price of aluminium ingots fell. According to some market participants, the benchmark aluminium premium for Russian and non-Russian aluminium continued to diverge, particularly in light of renewed market speculation that the US may ban Russian aluminium. Alcoa, the largest aluminium producer in the United States, had warned investors that rising energy and raw material costs, as well as a drop in aluminium prices, were p
Read more