Chinese billet market rebound fails to deter trading lull in Southeast Asia

Import prices for steel billet in Southeast Asia were unchanged on Thursday December 6, with the uptick in domestic Chinese billet prices early this week failing to revive trading activity in the region.

Fastmarkets’ daily price assessment for billet imports into Southeast Asia was $460-470 per tonne cfr Manila on Thursday, unchanged from Wednesday. No bookings have been heard concluded since Monday. Chinese back-to-back cargoes were offered to Indonesia and the Philippines at around $460-465 per tonne cfr levels on Thursday. Russian billet was offered at $463-465 per tonne cfr Indonesia, while Malaysian offers stood at $470-475 per tonne cfr in Thailand and the Philippines. Offers from...

Published

Fiona Lam

December 06, 2018

11:00 GMT

Singapore