Metal Bulletin’s assessment of import prices for billet in Southeast Asia was $540-555 per tonne cfr for the week ended Monday April 30, widening upward by $10 per tonne from a week earlier.
Middle East-origin materials were sold to the Philippines at $550-555 per tonne cfr, traders said.
Filipino buyers were also heard to have booked 150mm and 100mm billets from the Commonwealth of Independent States at $540 per tonne cfr and $555 per tonne cfr respectively.
Offers from Japan and Thailand were at $555 per tonne cfr, while those from the Middle East and Vietnam came in at $545 per tonne cfr.
Taiwan-origin billets were offered at $535-545 per tonne fob, equivalent to $545-560 per tonne cfr Southeast Asia.
Chinese offers were around $550-560 per tonne cfr on April 27, narrowing downward by $5 per tonne from a week earlier. China’s domestic billet prices lost their upward momentum on Wednesday last week, before falling...