Export prices for Chinese wire rod continue drifting down, mainly over reduced demand in the home market and decreased production cost. Mills’ export prices for Chinese rods have dipped $5/t to $420-428/t FOB over the week. Market operators attribute this to a seasonal downturn in home buying first of all. In addition, quotes of import iron ore have dropped $5/t to $70- 71/t CFR, while billet prices in Tangshan have lost RMB 30/t ($5/t).
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机译：中国盘条的出口价格继续下滑，主要是由于国内市场需求减少以及生产成本下降。过去一周，钢厂对中国盘条的出口价格下跌$ 5 / t至$ 420-428 / t FOB。市场运营商首先将其归因于购房季节的季节性下降。此外，进口铁矿石报价下降了$ 5 / t至$ 70-71 / t CFR，唐山方坯价格下跌了30元/吨（$ 5 / t）。
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