As the Spring Festival approaches, China’s steel export prices weaken

Date: 2022-06-06

As the Spring Festival approaches, China’s steel export prices weaken According to surveys, as the Chinese New Year approaches, demand in mainland China begins to weaken. In addition, domestic traders generally have concerns about the market outlook and lack of strong willingness to store winter products. As a result, various types of steel materials have recently weakened to varying degrees, and the foreign trade market conditions have also weakened. From the perspective of the export prices of various varieties, the current export price of China’s hot-rolled SS400 is reported to be around 755-760 US dollars/ton, which is about 9-10 US dollars/ton lower than last week. Actual transactions have seen a lot of dark drops, and most of the transactions are at 750. Below USD/ton. Recently, some large steel mills are actively preparing to sign orders in November and December. In the short term, affected by the approaching holidays and weaker domestic trade, overseas buyers are not eager to purchase, looking forward to the appearance of lower prices. Post time: Jan-06-2022

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