Vietnamese rebar prices unchanged
2015-06-16 08:49:51 [Print]
BEIJING (Asian Metal) 16 Jun 15 - The price of rebar in Vietnam remains stable at the moment, while the market runs slowly influenced by the stagnant demand from downstream consumers. Insiders deem that it is likely for the price of rebar to decrease slightly in the near future.
A rebar producer in Vinh Phuc Province reported to Asian Metal that the price of JIS SD390 Φ12-32mm is VND11,000,000/t (USD505/t) VAT excluded, unchanged compared with that of last week.
According to the source, the average price of steel billet in local market has been stable at VND7,500,000-8,000,000/t (USD344-367/t) VAT excluded for a month, so that the price of rebar did not go up or go down in the past month. However, as the rainy season is coming in Vietnam and will last for three to four months. He predicts that the price of rebar will come down a little in the short term, influenced by the shrinking demand from downstream consumers.
A rebar trader in Hanoi states that the current price of TCVN CB400V Φ20mm from Pomina Steel is VND11,800,000/t (USD542/t) VAT excluded, unchanged compared with that of last week.
The source also confirms that the price is on a stable trend at the moment but he worries that the market performance will be poor in coming three months. His regular sales volume of rebar was 1,500 tons in the first five months of this year, but he predicts that it will be less than 1,200 tons per month in coming two months. Being short of the market recovery, the source holds a wait-and-see attitude.
A rebar producer in Vinh Phuc Province reported to Asian Metal that the price of JIS SD390 Φ12-32mm is VND11,000,000/t (USD505/t) VAT excluded, unchanged compared with that of last week.
According to the source, the average price of steel billet in local market has been stable at VND7,500,000-8,000,000/t (USD344-367/t) VAT excluded for a month, so that the price of rebar did not go up or go down in the past month. However, as the rainy season is coming in Vietnam and will last for three to four months. He predicts that the price of rebar will come down a little in the short term, influenced by the shrinking demand from downstream consumers.
A rebar trader in Hanoi states that the current price of TCVN CB400V Φ20mm from Pomina Steel is VND11,800,000/t (USD542/t) VAT excluded, unchanged compared with that of last week.
The source also confirms that the price is on a stable trend at the moment but he worries that the market performance will be poor in coming three months. His regular sales volume of rebar was 1,500 tons in the first five months of this year, but he predicts that it will be less than 1,200 tons per month in coming two months. Being short of the market recovery, the source holds a wait-and-see attitude.
