According to a source from a Brazilian producer, Galvalume exports are being negotiated for export at $1,150/mt FOB conditions, the same reference over two weeks.
The source added that Galvalume exports remain as a marginal activity for the Brazilian producers, due to the more rewarding prices achieved in the domestic market.
The reference price in the Brazilian domestic market today is BRL 5,795/mt ($1,391/mt) against BRL 5,700/mt two weeks ago, ex-works, full taxes except IPI, with the AZ-150 grade as reference and sales by distributors in small volumes. Larger volumes or sales made directly by the producers are usually entitled to substantial reduction of prices.
Pushed by such domestic prices, Brazil imported in August 13,900 mt of Galvalume from China at $780/mt, and 1,600 mt from Australia at $526/mt, both FOB conditions.
In August, Brazilian exports of Galvalume were limited to 300 mt, all destined to South American countries and priced in average at $908/mt, FOB conditions.
USD = BRL 4.17 (September 13)
