Chinese cold-rolled coil export prices slide

摘要

China’s cold-rolled coil export market resumed its downward trend over the past week after holding steady for two weeks, with sparse transactions weighing on prices. Base export transaction prices for July/August shipments of commercial-quality 1-millimeter cold-rolled coil were between $405 and $410 per tonne f.o.b. June 2, down $5 from a week earlier to the lowest level since May 2009. Offer prices were $410 to $415 per tonne, also down $5 per tonne from the previous week.