Export offers for thick plate at Chinese ports are declining despite the favorable price dynamics in the local market, while slab suppliers stated that buyers' interest has increased and they are ready to accept higher offers.
According to the indicators from two weeks ago, the prices of thick plate showed a decrease in the range of 5-10 USD / mt. For deliveries in the second half of July, suppliers have announced their prices between 605-610 USD/MT FOB. Some suppliers even decreased the price to 600 USD/MT FOB level.
On the other hand, with the increasing demand for slabs, suppliers are preparing to increase their prices, which they currently give at the level of at least 550-565 USD/MT CIF (Southeast Asian ports). However, experts predict that a strong uptrend is unlikely in the near future due to the lack of increase in supply, especially during the summer months.
Comments
No comment yet.