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PrintIn China, a lot of low-quality products have been shipped from the producers which restarted operation after the long holidays of China National Day, and the supply pressure has been increasing. This is because the low-quality products which were by-products of the production of high-quality products such as 2202 and 3303 are also shipped as 553 grade. As compared with the end of October, the prices of 2202 and 3303 grades remained unchanged, but the price of 553 grade dropped by CNY200 per ton, and the FOB price for export also dropped by US$30 - US$50.
In Japan, the price negotiation will start soon for the period from January to March in 2015, but some customers have already procured for January and February, and therefore the inquiry is less than the prior quarter. Besides, the trading of spot goods is also thin owing to being worried about the development of the foreign exchange market. In the Japanese market, the CIF price fell by US$30 - US$40 per ton in consequence of the price fall in China as a main producing country.
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- [Editor:tianxiao]
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