Vietnam: Buyers Eye Further Correction in Imported HRC Offers
Imported HRC offers to Vietnam inched down in the beginning of the week by USD 5/MT amid weak buying interest among end users in Vietnam.
Meanwhile Chinese HRC export offers also reported marginal decline last week and are hovering at USD 530/MT FoB China. Last week the prices was in range of USD 535-540/MT CFR basis.
A trader based in Vietnam shared that,”End users in Vietnam are expecting further drop in prices amid subdued buying”.
Current HRC Trade offers to Vietnam - Week 13, 2019
1.HRC (SAE 1006) 2-3mm/Chinese offer - Benxi Iron & Steel is at USD 545/MT CFR Vietnam. Last week the offers at USD 548/MT CFR basis.
2.HRC (SAE 1006) 2-3mm/Chinese offer - Laiwu Steel is at USD 538/MT CFR Vietnam. Last week the offers at USD 542/MT CFR basis
3.HRC (SAE 1006) 2-3mm/Chinese offer - Shagang Steel is at USD 545/MT CFR Vietnam. .
4.HRC (SAE 1006) 2-3mm/Indian offer - JSW Steel is at USD 545/MT CFR Vietnam.
5.HRC (SAE 1006) 2-3mm/Japanese offer - Nippon Steel is at USD 590/MT CFR Vietnam.
source: SteelMint
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