China’s plate exporters keep offers high amid weakening dollar

Export prices for Chinese plate rose in the past week despite a weakening domestic market, with exporters coming under pressure to keep their offers high amid a weakening dollar.

Fastmarkets’ price assessment for November shipments of steel heavy plate export, fob China main port, was $515-520 per tonne for the week ended Tuesday September 15, up by $5 per tonne from $510-515 per tonne fob a week earlier.
A Zhejiang-based trader said he had heard about a domestic trading house buying small quantities of plate of undisclosed specifications from a mill in northern China based on a base price of $515 per tonne fob for A36 grade. The trading house is looking to sell these to South America, he said.

The transaction was also the lowest...

Published

Miranda Song

September 16, 2020

05:00 GMT

Shanghai