Downside expected for Chinese plate export prices

Export prices for Chinese plate are expected to fall despite mills keeping their offers unchanged this week, with low demand and a bearish outlook weighing on the market.

Fastmarkets MB’s export price assessment for November shipments of commercial-grade, chromium-added plate was $580-590 per tonne fob for the week ended Tuesday October 9, down $5-10 per tonne compared with before China went on a weeklong break to mark its national day. Chinese mills issued their latest offers on Tuesday, with most of them continuing to ask for the same amount for their products as before the holiday. Liaoning-based Yingkou Medium Plate’s official offer remained at $595 per...

Published

Miranda Song

October 10, 2018

07:40 GMT

Shanghai