Ammonia buyer CJ Indonesia has issued a tender requesting 6,000t for shipment to Gresik port in east Java.
The tender, which closes on 7 January, requests the ammonia be offered on a cfr price basis and valid for three days. The cargo is for 11- 13 February arrival.
Recent spot trading activity has led to a steep correction in Asian delivered prices. Mitsubishi sold two cargoes at $330/t cfr to China and Taiwan in the second half of December.
Price of general carbon billet in Tangshan, Changli and Qian'an yesterday was settled at RMB 3, 470/MT ex-factory, up RMB 10/MT.
This week imported HRC offers to Bangladesh remain unchanged from China. Currently imported HRC (1.6-2mm) offers from China’s major mills are heard in range of USD 575-580/MT CFR Chittagong.
SteelMint learned from market participants that imported scrap trades in SE Asia remained limited on high offers and availability of stocks in hand. Most of the steel mills likely to wait for the next couple of weeks to start end-April & May delivery shipments.
Chinese HRC export offers inch up further - Chinese HRC export offers inch up further by USD 5-10/MT amid gains in domestic market.Meanwhile surge in futures can also be attributed for increased prices in export market.
This week major scrap markets observed bearish sentiments witnessing decline in prices except Japan where prices moved up sharply.
This week Chinese steel market witnessed increase in prices from the beginning of the week,however fall towards the weekend amid fluctuating futures.Menawhile export offers continued to remain on higher side.