SE Asia Billet Market Update-25 Jul’19
The SE Asian billet market witnessed gloomy sentiments this week amid limited trades. South East Asia billet import offers are assessed around at USD 450-455/MT, CFR levels, this week, the trade sentiments are reported marginally weak in the region. Prices have softened by USD 5/MT against last week.
Billet export offers from CIS reported stable - This week offers from CIS nations were assessed at USD 415-420/MT, FoB Black Sea, identical as last week. However bids were heard at around USD 410-415/MT, FoB Black Sea. A billet trader shared that amid gap between bids and offers, deals were limited.
Vietnam billet offers inch down- This week Vietnam’s billet offers are at USD 458/MT, CFR Manila, down USD 2/MT against last week. The trade sentiments are reported marginally weak in the region.
source: SteelMint
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