Ex-China CRC to Thailand

An export contract for DC01 grade 1,000 mm wide cold rolled coil for a Thailand-to-China bulk cargo including 3,000 metric tons of 0.7 mm thickness and 3,000 metric tons of 0.8 mm thickness has been concluded at $587/mt and $583/mt CFR respectively for December shipment via payment by letter of credit. China's steel export rebate is expected to be cancelled early next year, with January 2007 being put forward as the earliest date of implementation. Therefore, some Southeast Asian buyers are urging the Chinese sellers to arrange shipment before the month of December is out. The buyer should bear the potential loss resulted from rust due to they insisted to ship in bulk to save freight.