13
Oct
14:25
Chinese wire export pessimism sparks short selling
China's wire rod export prices did not rise as expected after the National Day holiday in early-October.
Even with the CNY resuming its depreciation against the USD, this did not lead to export deals for Chinese steel mills. Some Chinese traders are starting to consider short selling again, Kallanish notes.
The export offer for alloy-added wire rod from a steel mill in northeastern China was at $580/t fob China, and the indicative transaction level was a…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous