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CRU: China Mobile tender awards cement record low prices
Conversely, ZTT, who were awarded the 3rd spot in last year's tender winning a 15.81% share equivalent to 16.6M F-Km, were awarded just 2.2% (or 2.6M F-Km) of the 2020/2021 tender. Regarding the awards to the other 'Big 5' companies, Fiberhome lost over 12M F-Km and Hengtong's total volumes were little changed.
While there are some individual 'winners' with respect to volumes awarded, overall, the price point to which this tender has been settled is worrying for many industry participants, not just in China , but internationally. YOFC led with the most competitive bid which equated to RMB39.23 / F-Km, when converted to US dollars, this stands at record low levels of just $5.61 / F-Km of standard loose-tube cable.
https://www.crugroup.com/knowledge-and-insights/insights/2020/china-mobile-tender-awards-cement-record-low-prices/
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