The steady price rise for CRC in the Chinese domestic market has led to a significant increase in export offers, with some January lots exceeding the USD 610/MT FOB threshold.
At Chinese ports, 10-15 USD/MT for 0.9 mm CRC was added to the two-week-old indicators and exporters set their price offer at 600 USD/MT FOB. Also, January lots were offered by Benxi Steel at the range of 605-610 USD/MT FOB, but no confirmation has yet been received regarding the contracts signed at the stated price.
Experts predict that a further increase in prices in the domestic market will inevitably lead to a new increase in export offers, but some publications are skeptical that the increase in indicators will be as confident and consistent as before.
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