Square billet price to remine weak in South East Asian market

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Publish time: 14th June, 2013      Source: ChinaCCM
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The uncertainty future market situation caused the square billet price and demand to remine weak in South Esst Asian market. It made market buyers only willing to purchase small quantity for short term need and no interest in buying large quantity for stock.

One trader said that there is one Thailand mill who buying billet from Singapore trader, the new dealing price is US$50/MT (CFR) which has decreased US$10~15/MT than the previous offer by US$530~535/MT (CFR).

Also, it is said Korea Posco's billet export price to South East Asia market is US$510/MT which is about US$535/MT (CFR), this price is lower than Posco's last offer by US$548.5/MT (CFR).