21 July 2011 10:25 [Source: ICIS news]
Asian BD prices have surged to $4,250-4,300/tonne (€2,975-3,010/tonne) CFR (cost & freight) NE (northeast)
Shandong Yuhuang is planning to shut its BR plant for two months and will not make any offers, an industry source said.
Domestic BD prices have surged to around yuan (CNY) 30,000-31,000/tonne ($4,644-4,799/tonne), while BR prices were at around CNY34,000/tonne on 20 July, according to Chemease, an ICIS service in
Despite the high BR prices, producers are not able to cover their costs with most making a loss in the domestic market, according to a market source.
($1 = €0.70, $1 = CNY6.46)
Additional reporting by Alex Feng and Helen Yan
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