Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
It is understood that Vietnamese HX500LAD+Z80 steel mills have quoted 520 US dollars/ton CFR Manila for 130 * 130mm square billets with a specification of 5SP, a decrease of 10 US dollars/ton compared to the beginning of the week. It is understood that the export of 20000 tons of 3SP square billets from Vietnam has been completed at a price of approximately $497 per ton FOB Vietnam, with a shipping schedule in December.
Most countries quote approximately $520-525/ton CFR Manila for 130 * 130mm square billets with a specification of 5SP, while the Philippine buyer's inquiry is approximately $500-510/ton CFR.
Malaysian HX500LAD+Z100 steel mills quote approximately $500- $505 per ton FOB for 3SP square billets, while Indonesia quotes approximately $515 per ton CFR Manila for 130 * 130mm square billets with a specification of 3SP.
Overall, transactions in the Asian market have been tepid, with some traders from some countries believing that there is still room for price increases, and Filipino buyers are cautious in purchasing.
Recently, the prices of square billets in China have increased. Currently, the factory has raised the price of Q235 square billets to approximately 3630 yuan/ton, an increase of 80 yuan/ton compared to the beginning of the week. The market transaction is average. Although HX500LAD+Z120 steel mills continue to suffer losses, the reduction in production has significantly slowed down as prices strengthen. The export quotation of Chinese square billets has increased, with some steel mills quoting approximately 510 US dollars per ton FOB for the specification 3SP square billets, an increase of 10 US dollars per ton compared to the beginning of the week.
