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 the past...

Published

Miranda Song

June 26, 2019

06:45 GMT

Shanghai