Hot rolled plate market in Singapore

Due to their high stock levels, buyers in Singapore are not reacting very positively to import offers which have lately been at around $720-730/mt CFR. Grade A plate ex-Ilyich mill of Ukraine for September shipment was offered at $730/mt CFR for thicknesses of 8 mm and above. Chinese mill Angang plate in the meantime has been offered at around $720/mt CFR. Given the market conditions, it seems buyers are only inclined to accept prices around $700/mt CFR, with the preferred shipment date in very early October.