Billet imports to Philippines reported a sharp gain of 103% in the first 11 months of 2017, as per the recently released data by Philippines custom.
The nation has imported about 1.98 MnT Billet in Jan-Nov’17 against 0.97 MnT in Jan-Nov’16, surge by 103.09% on yearly premises. During this period (Jan-Nov’17), Russia has exported approximately 35% billet (0.70 MnT) to the nation.
Prior to this, in CY16 (Jan-Nov) the country’s billet import was around 0.96 MnT & major imports were done from China ( around 80%)
Further, on Y-o-Y in Nov 2017 imports registered a gain of 130% & stood at 0.23 MnT against 0.10 MnT in Nov 2016. While on month basis, imports declined by 43.90% in Nov’17 against 0.41 MnT in Oct’17.
Country wise:
During Nov’17, the largest exporter of Billet to Philippines was Russia – 0.11 MnT, followed by Bahrain, Vietnam, India & Thailand.
Similarly, in the total billet imports during 2017 (Jan-Nov’17), the major sellers of billet to Philippines was – Russia (35.55%), Vietnam (22.44%), India (7.21%), Japan (6.47%), Thailand (6.42%) & China (5.49%).
In context to export prices, the export offers of 150*150 IS 2830 grade billet are currently at USD 510-520/MT FoB India, 150*150 Q235 are at USD 535-545/MT FoB China & 125*125 3sp at USD 500-505/MT FoB Ukraine.
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