china ASiA

摘要

There are signs that prices have now dropped far enough to engage the interest of Chinese end-users,with reports suggesting that deals are now starting to go through basis a price range of$155-160/t cfr for granular. The absence of major purchasing in China in the last three weeks resulted in much nervousness and a major slump in prices.In Shandong and Jiangsu provinces,weak demand resulted in more molten sales ex-Japan and Korea at$140/t cfr with reports indicating that$135/t cfr has now also been finalized.There were reports that Russian crushed lumps in containers were trading at$140-145/t cfr.