The global HR/CR products prices fell down this week amid bearish sentiments and weak buying interest. China’s domestic market is quite volatile which has subsequently impacted its export offers. With the start of Ramadan festival, trading activities have become quite sparse in Turkey and Middle East countries. CIS countries both domestic and export offers have remained stable this week.
Hot Rolled Coil (2.5mm HRC)
|
Countries |
Prices/MT |
W-o-W change/MT |
| FoB China | USD 335-340 | USD 15-10 |
| Ex-Shanghai | RMB 2,550-2,570 | RMB 10-20 |
| FoB Black Sea | USD 410-420 | – |
| Cpt-Moscow | RUB 34,800-38,400(USD 530-585) | – |
| CFR Turkey | USD 425-430 | USD 35-40 |
| Domestic Turkey (ex-works) | USD 510-520 | USD 10-20 |
| Saudi Arabia Domestic HRC | SAR 1,631 (USD 435) | SAR 375 (USD 100) |
| UAE Import price | USD 340-360 | USD 20-30 |
Cold Rolled Coil (0.9-1 mm CRC)
|
Countries |
Prices |
W-o-W change/MT |
| FoB China | USD 405-410 | USD 10-15 |
| FoB Black Sea | USD 460-465 | – |
| Cpt-Moscow | RUB 39,500-43,500(USD 605-665) | – |
| CFR Turkey | USD 470-475 | USD 50-55 |
| Domestic Turkey (ex-works) | USD 530-570 | USD 85-100 |
| UAE Import price | USD 470-480 | USD 10-15 |
| FoB India | USD 500-530 | USD 30-35 |
Plates (8 to 20 mm)
|
Countries |
Prices |
W-o-W change/MT |
| FoB China | USD 335-340 | – |
| FoB Black Sea | USD 440-450 | – |
| Cpt-Moscow | RUB 37,000-40,000(USD 565-611) | – |
Leave a Reply