China’s CRC, HDG export prices fall amid limited buying interest

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell during the week to Tuesday June 11, with buyers largely remaining on the sidelines amid expectations that prices would fall further.

However, market participants believed that attractive prices offered by short-sellers managed to entice some buyers to book cargoes. Cold-rolled coil Fastmarkets MB’s weekly export price assessment for Chinese SPCC 1mm CRC was $530 per tonne fob China on Tuesday June 11, narrowing downward by $10 per tonne on the high end from a week earlier. A shipment of CRC was booked by a buyer in South America at $530 per tonne fob China during the week. Demand for flat steel in the major South American import market of Brazil is expected to improve following a slight...

Published

Lee Ken Kiat

June 12, 2019

12:16 GMT

Singapore