China’s export prices for CRC, HDG fall as inventory pressure intensifies

Export prices for Chinese cold rolled coil and hot dipped galvanized coil (HDG) decreased further over the past week amid thin buying interest in both the domestic and overseas markets.

Cold rolled coil
Metal Bulletin’s weekly assessment of prices for May shipments of SPCC 1.0mm CRC was rolled over for the week ended Tuesday April 4, at $535-540 per tonne fob, due to a public holiday in China on the first two days of this week to mark the Tomb-Sweeping Festival.
Market participants who returned to work on Wednesday said prices had fallen to $510-515 per tonne fob, however.

Since downstream demand in the...

Published

Gladdy Chu

April 05, 2017

06:12 GMT

Shanghai