Ex-China stainless tube offer to Italy
A mill in China's Guangdong province has offered 25.4 mm and 31.8 mm diameter 304 grade stainless tube to Italy at $4.280/mt FOB Shenzhen on actual weight basis via payment by letter of credit for end of December shipment, as SteelOrbis has been informed. Although the mill has offered this price at the current time, they are not sure that this price level will continue. The stainless market is quiet in China and the price of some products has already shown a downward trend.
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