China’s plate export prices rebound

Export prices for Chinese plate bottomed out over the past week, with exporters raising their offers amid a stable domestic market.

The Fastmarkets MB export price assessment for August shipments of commercial-grade, chromium-added plate was $505-515 per tonne fob for the week ended Tuesday June 25, up $10 per tonne from $495-505 per tonne fob a week earlier.
A trader in eastern China sold several thousand tonnes of plate to Vietnam at a base price of $505-508 per tonne fob.

He said his customers there were rushing to buy from him after seeing China’s steel futures strengthen in...


Miranda Song

June 26, 2019

06:45 GMT