China origin CRC to Vietnam

The contract price for 1,500 mt of China origin DC01 grade 1.0 mm x 1,000 mm x C cold rolled coil for export to Vietnam has been concluded at $547/mt FOB on actual weight basis via payment by letter of credit for January-February shipment. The demand for cold rolled products in the Southeast Asian market has dropped because the sales for hot dip galvanized products in this market have decreased remarkably. Therefore, the quantity agreed in the deal is smaller than usual.