Export prices for China’s CRC and hot-dipped galvanized coil lost some of their upward momentum in the week ended Tuesday September 15 amid a softening domestic market in China, sources told Fastmarkets.
*** China’s CRC
Fastmarkets’ weekly price assessment for China’s CRC main port was $605-610 per tonne on Tuesday, up by $10-15 per tonne from $590-600 per tonne a week earlier. Chinese mills’ offers were around $605 per tonne fob China during the week, largely unchanged from a week earlier after they gave some discounts, sources said.
Cargoes were still being negotiated to South America at $605-610 per tonne fob, although sellers reported that buyers were becoming increasingly wary of higher offers due to signs of weakness from China’s domestic steel market.
Fastmarkets’ weekly price assessment for steel CRC, domestic, delivered Eastern China domestic was 4,700-4,730 yuan ($693-697) per tonne last Friday, up by 10-20 yuan per tonne from 4,680-4,720 yuan per tonne a week earlier. In contrast, prices had risen by 100 yuan per tonne a week earlier.
Liaoning-based Benxi Iron & Steel set its export offer for November-shipment CRC at $605 per tonne fob on Tuesday, unchanged week on week.
A major South Korean steelmaker was heard to be offering CRC at $610 per tonne fob over the past week, up $10 per tonne week on week, sources said.
*** Hot-dipped galvanized coil
Fastmarkets’ weekly price assessment for steel galvanized coil, 1mm, export, fob China was $625-630 per tonne on Tuesday, down by $5-10 per tonne from $635 per tonne a week earlier.
Major Chinese steel mills were offering base-grade 1mm HDG with a 120-g-per-square-meter zinc coating at $650 per tonne fob in the week to September 15, sources told Fastmarkets.
Benxi Steel maintained its offer for November-shipment zero-spangle, 140-g-per-square-meter zinc-coated HDG at $655 per tonne fob.
For reference, Fastmarkets’ price assessment covers 1mm 120 g zinc-coated HDG.
Vietnamese suppliers offered HDG with 80-g-per-square-meter zinc coating at $690 per tonne cfr Southeast Asia, equivalent to around $670 per tonne fob Vietnam. This is up by $25-30 per tonne week on week.
A major South Korean steel mill was heard to be offering HDG with 140-g-per-square-meter zinc coating at $690 per tonne fob, up by $10 per tonne week on week.
این مطلب بدون برچسب می باشد.