Guangdong
Product |
Market Offer (Yuan/mt) |
SVR3L |
20800-20900 (no tax) |
Offers experienced a general increase.
Jiangsu
Product |
Market Offer (Yuan/mt) |
SCRWF (Hainan, state-owned) |
24000 |
SCR10 (Yunnan, state-owned) |
20700 |
SVR3L |
22500 (with 17% VAT included) |
Thai RSS3 |
23900-24000 (with 17% VAT included) |
Disordered offers, limited demand and poor trading were the current situation.
Shandong
Product |
Market Offer (Yuan/mt) |
SCRWF (Hainan, state-owned) |
23900-24000 (new resources) |
SCR5 (Hainan, private-owned) |
20600 |
SCRWF (Yunnan, state-owned) |
24000 (new resources) |
SCR10 (Yunnan, state-owned) |
20600-20700 |
Thai RSS3 |
24000 (with 17% VAT included); 22200 (no tax) |
SVR3L |
22500 (with 17% VAT included); 21000 (no tax) |
Offers presented a stable-to-booming trend. SCRWF resources were quoted at highs but trading situation didn’t improve.
Shanghai
Product |
Market Offer (Yuan/mt) |
SCRWF (Hainan, state-owned) |
23900 (new resources); 23400-23500 (former resources); 22700 (no steel seal) |
SCR5 (Hainan, private-owned) |
20600 |
SCRWF (Yunnan, state-owned) |
23900 (new resources) |
SCR10 (Yunnan, state-owned) |
20700-20800 |
Thai RSS3 |
24000 (with 17% VAT included) |
SVR3L |
22500 (high-end price, with 17% VAT included) |
Traders quoted disordered offers which edged up. However, increased prices failed to promote sales.
Yunnan
Product |
Market Offer (Yuan/mt) |
SCRWF (Yunnan, private-owned) |
22900 |
SCR10 (Yunnan, private-owned) |
19900-20000 |
SCR5 (Yunnan, private-owned) |
20600 |
Homemade RSS |
20900 (with 13% VAT included) |
The market saw slightly growing offers and weak downstream buying intentions.
Zhejiang
Product |
Market Offer (Yuan/mt) |
SCRWF (Hainan, state-owned) |
23200 (new resources, no steel seal) |
SVR3L |
22500 (with 17% VAT included); 22000 (with 13% VAT included) |
Thai RSS3 |
23900-24000 (with 17% VAT included) |
Players quoted disordered offers, which inched down on the back of plummeting NR futures prices.
Source: rubbermarketnews