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This is due to market participants selling large quantities of DC01-grade CRC, which is of similar quality to SPCC products.
The amended specification of this price assessment will be:
Steel cold-rolled coil domestic, delivered Eastern China domestic, yuan/tonne Quality: SPCC/DC01, width 1,000-1,250mm, thickness 1-1.2mm Quantity: 10-200 tonnes Location: Ex-warehouse Shanghai Timing: Spot
Unit: RMB/tonne Payment terms: Prompt payment upon delivery Publication: Every Friday, 5-6pm Shanghai time Notes: Inclusive of 13% VAT
The one-month consultation for this proposed amendment will end on Sunday September 20, with changes taking place – subject to market feedback – beginning September 21.
To provide feedback on this assessment, or if you would like to provide price information by becoming a data submitter to this price assessment, please contact Paul Lim and Miranda Song by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Paul Lim/Miranda Song, re: China export plate price assessment.’
To see all of Fastmarkets’ pricing methodology and specification documents, go to www.fastmarkets.com/about-us/methodology.