Chinese SS coil to Singapore

Friday, 05 January 2007 17:00:31 (GMT+3)   |  
A Chinese trader has indicated its export price of 304 2B grade and 1.00 mm x 1,219 mm x C size stainless coil for Singapore as $4,200/mt CIF Singapore on actual weight basis via at sight payment by letter of credit for end of January shipment for cargoes of 50 metric tons. The trader said that its customer used to buy 200-300 mt regularly. However, due to the high stainless steel price and the uncertainty surrounding the tax rebate policy change, the buyer has reduced the quantity to 50 metric tons for each shipment.

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