1. usd currency： 1 : 6.68 around
the usd currency is relatively stable in the whole month, but the most highest point ups to 6.76 on the mid of
june, then back to 6.68-6.70 around.
2. the steel cost in carbon and stainless material have decreased, which is a good time to place orders.
on the second quarter in 2022, affected by the continuous weakening of international bulk commodities caused
by the outbreak of covid-19 and overseas economic recession, the domestic steel price operation has continued
to decline, with us$100/ton+ around. in june, the steel raw material decreasing hitting a new high for the year.
after a sharp drop in steel prices, prices are at their lowest levels in the past two years.
by respond to low steel cost, many factories are force to reduce the production capacity by overhaul the machine,
which reduce the supplying, and will it cause steel cost increase ? let’s see the july market !
3. the sea freight keep t for partial countries
southeast asia/middle east/africa freight relatively stable. but the south of america countries freight ups during
june because vessel company reduces vessel line in order to save the cooperating cost.
here, we would like remind all fob price terms customer. all of weight & measurement in pi is theoretical data.
and the shipping agent will measure by themselves, which the data is different in most of time. and the final
freight will be based on the actual data usually. in order to avoid any inconveniences, please negotiate the
measuring and freight with your shipping agent in advance.
it is the third year of covid-19, most countries has opened the door. deeply feeling that the market is much
better than last two years, we will try our best to support any customer’s business so as to create better world with
our distinguished customers together !
mutual trust will brings to fruitful masterpieces !
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