Aug.18th Chinese market recap-Chinese market is climbing slowly in better season and Debar daily trade had been improved to 100000mt around. Most market had been traded stable and price does not have changes. Export market is firmer and most mills request higher base due to tighter export allocations and July long productions exported 1.92 million mt which is +20% y-o-y and flat demand had some big orders to African market. Local billet index +10rmb and steel export index up 1usd. Raw materials are up due to higher freight and coke futures are back near 2000rmb again. physical plant is requesting new rise on coke price. Market had a better feeling in coming season and changed futures main contract may give more support on price.
