| Raw Material - Semi |
| Latest Updates |
Weekly Summarization of Billet Market in China During Aug 23-Aug 27, 2010
In the week to Aug 27, China’s billet market goes down by 50-100 yuan/ton. Plus the weekend ahead of the week, billet price has dropped by about 120 yuan/ton all told. This is due to the weakening futures market, which has dented the confidence of spot market participants. The revised market price results in meagre trade. It is predicted that billet market will still remain in consolidation in short term.
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Weekly Summarization of Billet Market in China During Aug 16-Aug 20, 2010
In the week to Aug 20, China’s billet market has fluctuated within a range of 100 yuan/ton. In north China, carbon billet price is vacillating around 3,900 yuan/ton, for purchases are meager as both steel makers and dealers are prudent about the present market. Most of them believe that billet prices won’t keep dropping but remain in consolidation.
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Weekly Summarization of Billet Market in China During Aug 9-Aug 13, 2010
In the past week to Aug 13, China’s billet market went up by 40-100 yuan/ton varying according to different regions. The uptrend was mainly led by the steel price rise in east China. Besides, as raw material prices remained robust and capacities were trimmed, billet producers were optimistic. However, trade was still ordinary without any major improvement. This round of rise was supported by confidence rather than recovery in demand. Billet market was expected in consolidation in short term.
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