Firm Nail Price in Tokyo

Market price of round nail keeps firm at around 135,000 yen per tonne for product with 100 millimeters length at dealers’ sites around Tokyo. The price could increase when the dealers accept high priced materials from makers though the increase could take a couple of weeks due to lower priced inventory at dealers’ sites. The demand is estimated to decreased by 5-10% from May level. The dealers report the buyers keep the purchase volume despite of the expectation for higher price. The supply is balanced when the rod makers reduce the supply to nail makers. The dealers expect the users would accept the higher price to secure the requirement when the high priced inventory increases at dealers’ sites while the dealers expect the demand would keep the low level. The dealers focus on the better margin by increasing the reselling price when they cannot expect more sales volume.