Shanghai spot Rebar prices slip RMB 20 a ton-Shanghai Metals Market

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Shanghai spot Rebar prices slip RMB 20 a ton

Industry News 09:31:12AM Aug 24, 2015 Source:SMM

CHINA August 22 2015 10:10 AM

LONDON (Scrap Register): It was a quiet Friday to cap off what was a relatively lackluster week. Most spot ore trades continue to be on an index-linked basis.

An Australian miner sold PB Fines on a 62% Fe basis at a floating price over the globalORE platform for October arrival. It later sold a September loading cargo over COREX at a fixed price slightly higher than seen in a tender yesterday.

Late in the day a Brazilian producer sold 63.5% Fe BRBF also on an index-linked pricing arrangement. In China, spot billet prices in Tangshan edged up RMB 10 a ton.

The most active SHFE rebar contract was down by just 0.44%, whilst the DCE iron ore contract rose by just over 1%.

Spot rebar prices in Shanghai slipped RMB 20 a ton. All prices US$/dmt CFR China unless stated otherwise.


Key Words:  spot rebar price    
Relative News

Price

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1# Zinc
Oct.16
18930.0
-110.0
(-0.58%)
0# Zinc
Oct.16
19000.0
-110.0
(-0.58%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.16
19900.0
-110.0
(-0.55%)

Shanghai spot Rebar prices slip RMB 20 a ton

Industry News 09:31:12AM Aug 24, 2015 Source:SMM

CHINA August 22 2015 10:10 AM

LONDON (Scrap Register): It was a quiet Friday to cap off what was a relatively lackluster week. Most spot ore trades continue to be on an index-linked basis.

An Australian miner sold PB Fines on a 62% Fe basis at a floating price over the globalORE platform for October arrival. It later sold a September loading cargo over COREX at a fixed price slightly higher than seen in a tender yesterday.

Late in the day a Brazilian producer sold 63.5% Fe BRBF also on an index-linked pricing arrangement. In China, spot billet prices in Tangshan edged up RMB 10 a ton.

The most active SHFE rebar contract was down by just 0.44%, whilst the DCE iron ore contract rose by just over 1%.

Spot rebar prices in Shanghai slipped RMB 20 a ton. All prices US$/dmt CFR China unless stated otherwise.


Key Words:  spot rebar price