Indian CRC Export Offers Fall by USD 10/MT W-o-W

Indian CRC export offers reported a decline this week by USD 10/MT over dull buying activity in global market.

Currently CRC export offers are heard in the range of USD 560/MT,FoB India.Last week CRC export offers heard in the range of USD 560-570/MT FoB .

Chinese CRC export offers rises by USD 5/MT– Chinese CRC export offers surged by USD 5/MT and are assessed in the range of USD 475-480/MT,FoB China.Major mills in China are also offering in the range of USD 490-500/MT on FoB basis.

Strong sentiments prevailing in the Chinese domestic market results to rise in CRC export offers from China.

Global CRC export offers as on 22 Jun’17

Source: SteelMint Research