2010-02-02 [Source: Pudaily]

PUdaily, Shanghai- Today, Local clients, cold towards increasing quotes from local traders, make the transactions sluggish in East China. However, from the sources of suppliers, as the current supply is rather tight, the huge rises of February quotes are unable to stop the strong demand from end users. According to the distributors, it becomes difficult from them to seek supply and they might not be able to fulfill January orders even to late January. Thus February supply is predicted to be quite limited and most of their sales currently are from storehouses.

In the local trading market, leading quotes climb to above RMB16000/t but lower when transactions, among which, PM-200 are sold at RMB15900-16100/t, Shanghai stocks at RMB15800-16000/t and imports from Japan as well as Korea at RMB15700-15900/t.