Chinese Domestic Billet Market Update, 25 Sep'19

Billet: Yesterday billet price in Tangshan local mills and those in changed was settled at RMB 3,330/MT, stable. The same in Qian'an was at RMB 3,350/MT, up RMB 20. Today Changed area saw price increases by RMB 10 to RMB 3,340/MT. Transactions on billet are plain after price hike and price of finished product tends to go up. The overall transaction on finished products is moderate though certain resources were active. It is expected that billet price will likely go up this afternoon.