Chinese wire rod exporters keep gradually cutting prices as regional buyers are pressing for discounts, citing cheaper import iron ore. Moreover, rebar futures are declining and the national currency is moving up against the US dollar. Regional traders have managed to achieve discounts of some $5/t from Chinese mills over the week. Deal prices for wire rod to Southeast Asia have reached $475/t FOB ($490- 495/t CFR), in line with week-ago bids.
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机译:中国线材出口商一直在逐步降低价格,原因是当地买家以进口铁矿石便宜为由,要求打折。此外,螺纹钢期货价格下跌,本国货币兑美元汇率上涨。区域贸易商在一周内设法从中国钢厂获得了约$ 5 / t的折扣。东南亚盘条交易价格已达到$ 475 / t FOB($ 490-495 / t CFR),与前一周的出价一致。
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