Thursday, October 1, 2009

Chinese tinplate exports healthy, usage seen picking up

Factiva: "China's tinplate export bookings for the fourth quarter remain healthy, with demand picking up, market sources said.

Offers stand at about $1,050 per tonne f.o.b. this month, little changed from August, with some traders offering lower-quality product for about $900 per tonne.

'Demand traditionally picks up in the fourth quarter, and some big tinplate mills have received good bookings for December,' a Guangzhou steel mill executive said.

Wuhan Iron & Steel Co. Ltd. plans to keep prices steady for October, while Baosteel Group Corp. Ltd. prefers a more flexible price policy."

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