Singaporean flat product market is still unfavourable to foreign suppliers. In spite of moderate stocks, traders are in nohurry to sign contracts, as demand from consuming industries is unlikely to improve soon. Nevertheless, foreign flatssuppliers are making careful attempts to raise prices citing continuous growth of raw material costs. Most market participantsagree that they will likely raise their offers by another $10-15/t this year. However, the increase will be not on a revival indemand, which is expected no earlier than February-March 2011, but on growing production costs due to rising quotationsof raw materials.
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