Southeast Asia billet import prices keep climbing despite limited demand

Import billet prices in Southeast Asia continued to rise last week, supported by the positive trend in the global semi-finished market, sources told Metal Bulletin.

Metal Bulletin’s weekly price assessment for billet imports in Southeast Asia was $445-460 per tonne cfr for the week ending Monday July 17, up by $5-10 per tonne from $440-450 per tonne cfr. Reduced availability of the material, from China in particular, was one of the main reasons for the price increase. No export billet offers were reported last week from the China as domestic demand continued to be strong. On Friday July 14 domestic billet prices in China were 3,400 yuan ($501) per tonne, up 120 yuan ($18) per tonne over the week. The domestic price represents a five-year high for China and some market participants think further rises are unlikely. However, despite this, not all the customers...

Published

Vlada Novokreshchenova

July 17, 2017

15:53 GMT

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