This is the sixth consecutive week of price drops for both products.
Fastmarkets MB’s export price assessment for SPCC 1.0mm CRC
for the week ended Tuesday October 30 was $570-585 per tonne fob China, down $10-15 per tonne from a week earlier
Several CRC deals were reported at $570-580 per tonne fob China during the week.
Not many transactions were concluded due to a lack of buying interest, market sources said.
Demand remained soft amid depressed local markets and weak domestic currencies in major destinations for Chinese products such as Southeast Asia.
“An increase in China’s...