Posted on 18 Nov 2020
Vietnam's Hoa Phat Group recently announced its hot rolled coil prices for January/early February shipments, Kallanish notes.
The mill’s prices are as follows: VND 12.700/kg (around $545/tonne) cfr Haiphong, VND 12.750/kg ($547/t) cfr central Vietnam and VND 12.800/kg ($550/t) cfr Ho Chi Minh port. They apply to shipments before the Lunar New Year which commences on 12 February, a company source says. The prices, which were released on Monday, are the same for both SS400 and SAE 1006 HRC grades of 2mm and up thickness, the source adds.
The sales quantity for customers has not yet been decided. "We can only provide 70,000-80,000 tonnes to the market for January and February. The allocation for customers will depend on their capacity," Kallanish is told. This is the third month of offers from the new Vietnamese producer, a trader in Ho Chi Minh city notes. Its first round of shipments was for November and reached 140,000 tonnes.
Last Thursday, the previous sole Vietnamese producer, Formosa Ha Tinh, raised prices for January shipments for base re-rolling skin-pass HRC by $25/t from the previous month. They are now at $560/t cif southern Vietnam and $555/t cfr northern Vietnam.
Source:Kallanish
