Chinese export CRC prices drop continuously on lukewarm demand

摘要

Chinese CRC exporters have been forced to cut price offers again in view of extremely poor demand abroad and slower buying at home during the summer time. The lower end of the offer range has dropped $10/t week-on-week to $570-585/t FOB, whilst in mid-June producers rejected levels below $575/t FOB. Suppliers report export demand continues to deteriorate.