Aug.10th Chinese market recap- A soft start for new week and market does not change . There is slight better demand in local channel and social inventory does not change much. Debar trade is a little improved near 100000mt while mills’ capacity is kept. Export market is same and leading base is unchanged. Plate leading exporter had a tighter lead time and some commercial size had been changed to December shipment . Local billet index unchanged @2940 and steel export index down 1usd. Raw materials are stable such as IO @95usd and coke side had some rising request after 3rd round cut. Market is stabler while demand is still weak then price is stuck in the old pattern.
