Price fluctuations in China covering East Asian billet market

Some suppliers were heard bidding at $ 410 / t cfr Manila, but demand is very thin in a bear market, a trader in Manila said.
Approximately 8,000 tons of steel in early June Thailand were heard on 5 / 5voi $ 405 / tonne FOB to the Indonesian market. One trader said that prices Jakarta this transaction (approximately 420USD / tonne CFR Indonesia) too high for the market that day, and said the Chinese supplier is bidding price of 410 USD / t CFR.Chao June shipments row Q235 billet from China 150mm commonly at 400-410 US dollars / ton CFR Indonesia.Dau week, about 35,000 tonnes of 150mm Q235 billet was heard put China at the price $ 395 / ton CFR Indonesia. This price may be close to the current transaction, a trader said on Thursday China Sau.Phoi Russian 130mm Q275 steel were offered on Wednesday, 3/5 price 420USD / mt CFR Manila, and for 150mm Q235 billet at 395USD / tonne CFR Taiwan on Friday, 05.05.

5/5 day, Platts pricing billet 120 / 130mm CFR East Asia increased 395-400USD / mt CFR, compared to US $ 390-400 / t cfr last week. Average $ 397.5, up $ 2.5 over the previous week.

 (Follows 05/08/2017)