Today, Chinese billet offers in domestic market opened at RMB 1,810/MT (USD 278), have inched up by RMB 20/MT (USD 3). The current level was last seen on 14 Mar’16.
Since the starting of the month Jun’16, offers have been remained firm in the range of RMB 1,780-1,850/MT (USD 274-284).
However in yesterday’s trade, prices in Chinese domestic market fell steeply by RMB 60/MT (USD 9) to RMB 1,790/MT (USD 275). All prices are including 17% VAT.
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