Chinese HDG offer to Iran

Wednesday, 06 December 2006 10:50:12 (GMT+3)   |  
A Chinese trader has offered JISG3302 SGCC grade hot dip galvanized iron to Iran at $790/mt CFR on actual weight basis via payment by letter of credit for January shipment. The trader has increased its price due to the expected tax rebate policy change. One month ago, the trader exported the same product at $767/mt. The customer in Iran has asked for the earlier price level, refusing to accept any increase. In Israel, the acceptable price level is said to be at around $760/mt of late.

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