China’s plate producers lower prices amid sparse demand

China’s plate producers lowered offer prices this week in sparse trading.

Fastmarkets MB’s export price assessment for June/July shipments of commercial-grade, chromium-added plate was $530-535 per tonne fob for the week ended Tuesday May 21, down $5-7 per tonne from $535-542 per tonne fob the week prior. A northern China-based mill is offering $535-540 per tonne fob this week, down from the official offer price of $545 per tonne fob a week ago. An eastern China-based mill kept its official offer price at $540 per tonne fob, the same as last week, but a source said the mill would be willing to accept lower prices than the week prior “as we have received fewer orders recently”. A...

Published

Miranda Song

May 22, 2019

04:04 GMT

Shanghai