China’s CRC export prices inch down amid limited demand

29 April 2020
China’s CRC export prices inch down amid limited demand

China’s CRC export prices inch down amid limited demand

China's cold-rolled coil export prices continued to fall Tuesday, on lower tradable levels seen from mills amid a falling domestic market and slow buying activity from overseas buyers.

S&P Global Platts assessed SPCC grade 1 mm thick CRC at $438/mt FOB China Tuesday, down $5/mt from the previous week. The spread between the export price of CRC and commercial-grade HRC was at $41/mt, narrowing $4/mt on the week.

Chinese mills held offers stable on the week along with HRC this week for June shipment.

On Tuesday, a Northeast China-based major export mill offered CRC at $470/mt FOB and cut sheet at $475/mt FOB, while an eastern China-based mill offered at $465/mt, both for June shipments, according to mill sources and traders.

But the tradable level moved slightly lower as there was some restocking activity from South Korea, and the mills' tradable levels were at around $440/mt, depending on quantity, as they tried to conclude deals.

-- Analyst Yuelin Dai

Source : Steel Business Briefing

Related News

The information in the above report, publication and website has been obtained from sources believed to be reliable. However, Iron & Steel Institute of Thailand does not guarantee the accuracy, adequacy or completeness of the information. Any opinions or forecasts regarding future events may differ from actual events or results. In addition, Iron & Steel Institute of Thailand reserves the right to make changes and corrections to the information, including any opinions or forecasts, at any time without notice.