过去一周独联体方坯价格再度上涨，一些贸易商和终端用户订购了大量俄罗斯和乌克兰资源，供应商的
1
月资源基本售罄。
CIS billetprices have risen again in the past week as several traders and reportedly end-users booked various lots of Russian and Ukrainian material, practicallyclosing suppliers' January allocations.
最新的方坯交易价格区间为
405
美元
/
吨（乌克兰资源）至
420
美元
/
吨
fob
黑海（以废钢为原料的俄罗斯资源，可能是即期发货的小宗特殊钢）。贸易商称，这家沿海钢厂的最新意向报价已升至
430
美元
/
吨
fob
。过去十天，该供应商还以
405-410
美元
/
吨
fob
达成一些小宗交易。一家俄罗斯垂直整合供应商以
407
美元
/
吨
fob
与一位贸易商达成一宗中等规模交易。
The latestconcluded deals of billet range from $405/tonne fob for Ukrainian material to areported $420/t fob Black Sea for a Russian scrap-based and likely specialchemistry prompt-shipment small lot. The latest offer indications from this coastal mill have risen to $430/t fob, according to traders. This supplier also sold several small lots at $405-410/t fob in the last ten days. A Russian vertically-integrated supplier sold a medium-sized lot to a trader at$407/t fob.
与土耳其优质重熔废钢
HMS 1&2 80:20
价格相比，
405-410
美元
/
吨
fob
的独联体方坯价格较低。但与
430-440
美元
/
吨
fob
土耳其以及
415-420
美元
/
吨
fob
（独联体资源）的螺纹钢成交价相比，方坯价格太高。这意味着市场失去平衡，由废钢价格和贸易商的交易推动。
At$405-410/t fob, CIS billet prices are comfortably low compared to Turkish premium HMS 1&2 80:20 scrap prices. But they are too high in relation to rebar transaction prices at $430-440/t fob Turkey and $415-420/t fob for CIS material. This implies the market is unbalanced and driven by scrap prices and traders' deals.
方坯价格——明显是由成本推动——在北非的一些主要目的市场并未上涨。此外，有大量替代方坯供应。不过，为满足当地的方坯
/
螺纹钢生产需要，北非对废钢的需求较高，但地区螺纹钢需求疲弱。
Billetprices – evidently cost-pushed – have no uptake in several key destinations in North Africa. Moreover, plenty of alternative billet is on offer. North African demand for scrap, however, is high due to local billet/rebar production needs,but regional rebar demand is weak.
另一位贸易商告诉
Kallanish
（开阑商务信息咨询）：“印度方坯价格为
405
美元
/
吨
fob
，越南准备以
405
美元
/
吨
fob
大量销售，当然还有伊朗，后者的出口市场受到限制。但突尼斯再轧商仍只愿接受
420
美元
/
吨
cfr
的价格，埃及退出市场，而你无法再按该价位对东南亚销售，因为那里的价格不超过
440
美元
/
吨
cfr
，并且需求已经走弱，中国国内价格也在下滑。”
"Indianbillet is at $405/t fob, Vietnam is ready to sell large volumes at $405/t fob,and there is also Iran, which, granted, has geographical acceptance limitations. But re-rollers are still only willing to pay $420/t cfr inTunisia, and Egypt is out, while you cannot sell at these prices to SoutheastAsia anymore, as prices do not exceed $440/t cfr there, and demand has subsided, as Chinese domestic prices are softening too," a seasoned tradertells
Kallanish
.
新的螺纹钢厂对废钢的需求超过供应，推动废钢价格上涨，而由于螺纹钢供应充足以及经济环境疲弱，螺纹钢价格难以上涨。贸易商指出，这导致方坯价格急剧波动。
Scrap demand from new rebar mills exceeds availability and is pushing up scrap prices, whilepreventing rebar prices from rising due to abundant rebar supply and pooreconomic climate. This is producing the billet price volatility, traders note.
同时，贸易战以及中美谈判延长导致能够支撑并推高螺纹钢价格的终端用户领域复苏延迟。土耳其方坯与螺纹钢价格之间的利润率接近零，这只是市场失衡的其中一例。还有其他状况，例如北非钢厂向贸易商转售废钢供出口，他们通常在认为价格即将触顶并开始下跌时会这样做。
Meanwhile,ongoing trade wars and extended negotiations between the US and China are delaying recovery in end-use sectors that have the capacity to support and push up rebar prices. Near zero margin between billet and rebar price in Turkey is just one example of the unbalanced dynamic. There are others, such as mills in North Africa offering their obsolete scrap to traders for export, as they dowhen they sense the price is about to peak and start descending, they add.
考虑到实际需求、螺纹钢价格和一些独联体钢厂极短的交货期，一些贸易商认为，目前独联体方坯的“……真实”价值为
