Export prices for Chinese CRC, HDG extend slump on weak demand, domestic losses

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil continued to tumble over the past week, amid thin overseas demand and a softening domestic market in China.

Cold-rolled coil
Fastmarkets MB’s export price assessment for SPCC 1.0mm CRC for the week ended Tuesday October 23 was $585-595 per tonne fob China, down $10 per tonne from a week earlier. This is the fifth consecutive week of price drops.
Deals involving CRC were sparse during the week, with a few export traders saying they had not secured any orders.

Bookings were heard to have been made around $590-595 per tonne fob during the week for shipments bound...

Published

Fiona Lam

October 24, 2018

06:22 GMT

Singapore