Aug.21st Chinese market recap- Chinese market is stable on weekend then most condition is same. Daily debar trade is a little less around 85000mt and flat item inventory is cut a little bit by some social demand. Market price is a little stronger in some areas and most price is kept. Export Market is same and market focus the semi and long products export and some billet trade is reported while wire rod interests are rising. Local billet +10 and steel export index up 1usd. Raw materials IO is stabel around 96usd/62% and coke is very strong in cost support and tight supply. Summary of week 34th:market is mildy up in last 5 days and coke is give firm support in steel budget while demand had no much improvement. Global demand is same while dollar is much depreciated then export offer is going up steadily. Nice weekend !
