Fastmarkets MB is proposing the launch of weekly export price assessments for stainless grade 304 Chinese hot-rolled coil and cold-rolled coil.
These assessments highlight China's status as a major exporter of stainless steel and will serve as a price benchmark for the international market for the products.
Assessment: Stainless steel cold-rolled coil, grade 304 (2mm), fob China, $/tonne
Quality: Width 1,200-1,219mm, thickness 2mm
Quantity: 20-1,000 tonnes
Location: fob China
Timing: 3-8 weeks
Unit: US$/tonne
Payment terms: Letter of credit on sight
Publication: Every Wednesday, 5-6pm Singapore time
Notes: 2B surface finish. Trimmed or slit-edge.
Assessment: Stainless steel hot-rolled coil, grade 304, fob China, $/tonne
Quality: Width 1,500mm, thickness 4mm
Quantity: 20-1,000 tonnes
Location: fob China
Timing: 3-8 weeks
Unit: US$/tonne
Payment terms: Letter of credit on sight
Publication: Every Wednesday, 5-6pm Singapore time
Notes: No1 surface finish. Trimmed or slit-edge.
The consultation period for this proposed launch will end one month from the date of this pricing notice, on July 29. The launch will take place, subject to market feedback, on July 31.
The publication of these assessments will be subjected to the observance of public holidays in Singapore.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact Lee Ken Kiat by email at:
pricing@fastmarkets.com. Please add the subject heading 'FAO: Lee Ken Kiat, re: stainless steel cold-rolled coil, grade 304 (2mm), fob China, $/tonne and stainless steel hot-rolled coil, grade 304, fob China, $/tonne.'
To see all Fastmarkets' pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.