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Farhan Siddiqi

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Sep.27th Chinese market recap- Crazy up stock market and physical steel

  • September 27, 2024
Sep.27th Chinese market recap- Crazy up in China both in stock market and physical steel and such warm condition may last after October holiday. With policy leading, Stock market approached 3100 and steel futures gained another 3% around with escalated inventory cut then price rose another 50-70rmb in most items.…
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Aug.21st-One sharp rise can change the feeling and today happens.

  • August 21, 2024
Aug.21st Chinese market recap- One sharp rise can change the feeling and today happens. With some news of 1400 billion loan in housing section and short cover demand after series falling , Chinese market took a revenge rebound and HRC debar had repaired +120rmb/mt. Mills lifted base 5-6 rounds on…
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Aug.20th – A long awaited rebound happened

  • August 20, 2024
Aug.20th Chinese market recap- A long awaited rebound happened and now market will come back to the fluctuation period again. Steel futures are pushed up roughly 2% when closed and mills’ more control capacity might help to support present rate and sharp falling last week had made the falling room…
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Aug.9th Chinese market recap

  • August 9, 2024
Aug.9th Chinese market recap- Chinese market paused falling and some cover buying with real demand shows up and steel futures showed a ‘W” change and finally closed a little softer. Local debar sales are better volume around 110000mt daily then inventory pressure is eased more or less. Export market is…
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23 Jun 23

Offer 5087: COATED STEEL COILS HARD EX EUROPE

Attached you can find a list of COATED COILS HARD SECONDARY Price idea: 520 USD/MT CFR Port Qasim/Karachi Origin: EU NO SELECTION POSSIBLE Payment by LC (MAY ADD or CONFRIM) à due to the economical and financial crisis in Pakistan we can only work with a first class bank in…
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RFQ 1001: Galvalume AZ20% for Pakistan

  • June 19, 2023
We need Galvalume AZ 20 with Alu15-20% Thickness           Width                  Quantity 0.25mm              1000mm             100 ton 0.30                     1000                    100 ton 0.35                     1000                    100 ton 0.40                     1000                    100 ton 0.45                     1000                    100 ton 0.50                     1000                    100 ton Please advise CFR Karachi price
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