Chinese HDGI export offers rose marginally by USD 5/MT despite falling prices in domestic market.China’s domestic market has started to experience bearish sentiments along with thin trading prevailing among overseas buyers.
Presently Chinese export offers for 1.0 mm,120g HDGI are assessed in the range of USD 670-675/MT,FoB China.However last week the prices are gauged in range of USD 665-675/MT,Fob basis.
Major mills in China have decline the HDGI export offers by USD 10/MT and are offering in the range of USD 675-680/MT on FoB basis.Fewer bookings have been made for Thailand,Vietnam,Middle East and South America in the range of USD 670-675/MT on Fob basis.
India-Galvanized Coil Prices Slightly Down over Limited Buying
Galvanized plain (GP) coil prices decline marginally by INR 500/MT W-o-W basis in traders market due to sluggish demand amid weak buying activities in domestic market.However major manufacturers have kept the prices unaltered for this week.
As per SteelMint assessment,reference prices of GP (120 GSM) 0.8mm for this week are hovering in the range of INR 53,000/MT (ex-Mumbai),INR 52,000/MT (ex-Chennai),INR 51,500/MT(ex-Delhi) and INR52,500-57,000/MT( ex-Hyderabad).
The prices mentioned above are basic excluding GST @ 18%.
Indian HDGI export offers – Indian steel mills are not seeing quoting offers for HDGI (SGCC dx 51a) as of now. However reference prices for the same stands at USD 750/MT, FoB India. Last week offers were assessed at USD 790/MT, FoB India.
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