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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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April 2019 | Galvanized Steel and Tinplate Market Tracker


Chinese market in transition, US market in confusion : Global tinplate market highlights


The halt to the battle for higher margin should be considered in context.

China – price recovery halted?
Not for the first time, Baowu’s tinplate division set itself a target this year of restoring its price margin after upstream coil prices showed signs of recovery After granting embarrassingly large discounts in January, it marked up domestic tinplate monthly prices by Rmb100 per tonne ($15 per tonne) for March and for April varied increases among its different mills, setting increases of Rmb200-250 per tonne ($30-37 per tonne). These increases restored prices more or less to their level before discounting began, but Baowu seems to have acknowledged that this is the best it can do for now. Spot HR coil prices have continued to rise, but not by much; Baowu is rolling over April prices, asking no further increase for May.

The halt to the battle for higher margin should be considered in context. Re-rolling companies (that is, companies that do not pour...

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