Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
It is understood that as of now, the prices S320GD+Z80 steel in the Asian billet market have remained stable, with a quote of 518 US dollars per ton for 5SP billet CFR Manila, and a buyer's inquiry price of approximately 510 US dollars per ton, unchanged from last week. The quotation for square billets S320GD+Z100 steel with specifications Q195 and Q235 from a steel factory in China is 507 US dollars per ton FOB, with room for negotiation.
Last week, a batch of Russian billets were exported to Taiwan, China, China, with a transaction price of 498 US dollars/ton CFR, specification of 3sp 150mm, and shipment date in December. Some traders have indicated that they will refer to this price for subsequent transactions.
Despite the current stable S320GD+Z120 steel operation of Asian billet quotations, some Singaporean traders believe that even with less than expected market activity, some steel mills' profits remain low and are still operating under pressure, even with limited room for a narrow decline in raw material prices. Some traders also believe that there is a possibility of further narrowing the price difference between the seller's quotation and the buyer's counteroffer in the short term.
