SteelOrbis has been informed that ex-China offers for SPCC-SD 1 mm x 1,250 mm x C cold rolled coil (CRC) are at the price level of $710-720/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for November shipment.
Currently, quotations of cold rolled products in the Shanghai market are at the level of RMB 5,180/mt ($779/mt), while export quotations remain unchanged compared with the previous week. However, the export market is rather quiet, due to weak international demand.
$1 = RMB 6.654