Export prices for Chinese steel plate were stable in the week to Tuesday July 6, but market participants said they could soon increase following recent gains in the futures market.
Fastmarkets’ price assessment for August/mid-September shipment steel heavy plate export, fob China main port was $880-890 per tonne on Tuesday July 6, unchanged from a week earlier.
Inner Mongolia’s Baotou Iron & Steel’s was offering plate at $880 per tonne fob, sources said on Tuesday, while Shandong Iron & Steel was offering September-shipment cargoes at $910 per tonne fob – although it reported no concluded trades over the past the week.
And Jiangsu Shagang Steel’s offer price for August-shipment plate was $930 per tonne fob, with no trades reported.
A trading source in Shanghai said he had sold 2,000-tonne August-shipment plate at $880 per tonne fob to Southeast Asia in the past week.
And trading source in Zhejiang province said trading had improved and that there had been more inquiries. The source sold 1,200-tonne August/mid-September shipment plate at $880 per tonne fob in the week to July 6.
On Tuesday, the source added, China’s Minmetals Yingkou Medium Plate Co was offering plate at $890 per tonne fob.
By Wednesday, however, a second trading source said that Yingkou Medium Plate Co was offering September-shipment cargoes of plate at $910 per tonne fob negotiable – although this was not included in Fastmarkets’ assessment because it fell outside the pricing window.
“Over the past week, offer prices for plate increased after the recent gains in the futures market,” the second source added.
Fastmarkets’ weekly price assessment for steel plate domestic, delivered whs Eastern China was 5,330-5,360 yuan ($824-828) per tonne on Friday July 2, down by 20-90 yuan per tonne from 5,350-5,450 yuan per tonne a week earlier.
این مطلب بدون برچسب می باشد.
ثبت دیدگاه