Flats prices in Vietnam

In the Vietnamese flats market, prices have this week shown a softening, which may be attributed to the weakening of demand. In addition, the increase in the VND/USD exchange rate from 18,500 to 19,000 is another factor that has triggered the price decreases.
 
1.3-2.0 mm x 355 mm HRS offers given from China are standing at the level of $625/mt CFR, while the price of the same product in the local Vietnamese market is $610/mt. For thicker HRS specifications (i.e., 2.5 mm x 735 mm) Chinese offers are at $645/mt CFR, while the domestic market price is heard to be at $615/mt.  3 mm and above HRC offers via traders are reported to be standing at $600/mt CFR. Also, it is heard that re-export offers of Chinese origin 3 mm and above HRC given from India have decreased from $620/mt FOB to $580/mt FOB. Meanwhile, the domestic market price of the same product is reported to be at the levels of $560-570/mt.