Ammonia buyer CJ Indonesia has issued a tender requesting 6,000t for shipment to Gresik port in east Java.
The tender, which closes on 7 January, requests the ammonia be offered on a cfr price basis and valid for three days. The cargo is for 11- 13 February arrival.
Recent spot trading activity has led to a steep correction in Asian delivered prices. Mitsubishi sold two cargoes at $330/t cfr to China and Taiwan in the second half of December.
SteelMint learned from industry participants that containerized scrap trades to South Asia remained limited on account of low demand and to have more clarity after the recent price hike in the global market.
South Korea’s Iranian oil imports rose 17% in April from a year earlier, customs data showed on Wednesday.
Southern India based pellet maker - KIOCL has concluded pellet export deal recently via tender floated. The company had floated export tender offering 50,000 MT pellet consisting of Fe 64% content with less than 2% Al for which the bid due date was 14 May’19.
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has lowered steel scrap purchase price for all grades by RMB 40/MT (USD 5.8) effective from today (15th May’19).
Ongoing elections, rising inventory among traders, poor sales volumes, low liquidity along with dull demand continued to keep domestic HRC market under pressure.
South Korea’s HRC offers to Vietnam plunge in recent deal concluded- As per market sources based in Vietnam, South Korean based Hyundai steel has concluded HRC deal with Vietnam for June end shipments. As per an update, company booked around 20,000 MT of HRC with Vietnam based Hoasen for June end July shipments.