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Pakistani hot-roll prices have fallen and traders are cautious
Release time：Jun 20, 2019 From：admin
Pakistani daily standard SS400 hot-rolled coil 2-12 mm*1250, with a market quotation of 83900-84900 Pakistani rupees/ton (800-810 US dollars/ton) including tax, is 25 US dollars/ton lower than last week's price.
This week, the export quotation of CFR from China Hot Coil to Karachi Port was $600 per ton, which was due at the end of November, down 15 dollars per ton from last week. In China's domestic hot rolling market, the overall turnover is general, and the downstream purchasing intention is not strong. Pakistani hot roll market demand is relatively flat, traders have a strong wait-and-see atmosphere for the future market, and the overall market turnover is low.
Generally speaking, traders are relatively cautious under the influence of weak market demand. It is expected that the price of the hot roll Market in Pakistan will still be dominated by weak shocks next week.
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