SE Asia Billet Market Update-19 Jul’19
This week CIS billet export market remained slow witnessing less deals amid disparity between bids & offers. According to market sources report to SteelMint, current offers to SE Asia are at USD 455-460/MT CFR however buying interest is seen at USD 445-450/MT, CFR SE Asia levels. Prices have softened by USD 5-10/MT against last week.
SteelMint’s assessment for CIS billet export stands stable at USD 415-420/MT, FoB Black Sea.
One of the prime billet producers from Iran concluded billet export deal last week for 50,000 MT at USD 385/ FoB Iran for end September shipment, SteelMint learned from market sources.
As per sources, another deal for similar quantity was reported at USD 383/MT FoB Iran and another parcel for similar quantity was learned to be under negotiations.
Vietnam billet offers - This week Vietnam’s billet offers are at USD 460/MT, CFR Manila. The trade sentiments are reported marginally weak in the region. Domestic billet offers from Vietnam were learned to be around USD 470-475/MT in northern & southern Vietnam.
source: SteelMint
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