Philippine buyers are the most active at the moment, which is accelerating purchases from different destinations. The general range of 120‑130 mm billet offers coming to Manila is $470‑475/t CFR, which is $15‑20/t above last week’s level.Russian (from a Far Easten port) andVietnamese billets been bought at around $460‑465/t CFR this week, which has caused offers rise to at least $470/t CFR. Another deal has been concluded with Japanese seller at $470/t CFR. Iranian suppliers have raised their offers to $450‑460/t CFR for the SE Asian market, though no information about actual deals has appeared so far. The slowest import activity has been in Indonesia this week, as some local producers have offered “quite attractive prices comparing to import”, sources reported. “This happens when scrap prices move down and import billet – up, like in today’s Indonesian market. However, quality is just so‑so,” an international trader focused on Indonesian market told Metal Expert. Indicative offer prices from China have come to abroad at $480‑485/t FOB, adding another $10‑15/t week on week. However, any deals export deals are impossible, as all competitors can offer billet at much lower prices. Even Turkish mills, which are not interested in export orders much, may provide $460/t FOB at the moment.
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