A package of SAE 1006 hot rolled coils from China was booked in southern Vietnam on Thursday at $613/t cfr. In the statement made on Friday, it was stated that the market dropped approximately $5/ton due to the decline in futures.
It was stated that compared to the previous week, offers decreased to $10/ton. It was also added that China's SAE 1006 hot coil offers are at the level of $605-610/ton cfr Vietnam.
“Offers are about $5/t lower today,” said a trader in Ho Chi Minh City. China's Q235 hot rolled coil offers with 3-12 mm thickness are at approximately $575-577/ton cfr, while Q195 hot rolled coil offers with 3 mm base thickness are at $567-569/ton cfr. These offers are mostly for February/March shipments.
SAE quality 2-2.7 mm thick HRC was valued at $605/ton cfr Vietnam, unchanged on a weekly basis.
India's SAE 1006 HRC offerings are making a prominent appearance again in Vietnam. For February shipment, an offer of 30,000 tons of SAE 1006 HRC with a maximum thickness of 30% 2 mm was offered at $635/ton cfr. A trader in the region stated that traders were offering Indian HRC at $630/t cfr Vietnam without the support of mills.
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