SE Asia buyers increase pressure on WR market

It seems that wire rod buyers in the Southeast Asian markets have started to increase their pressure in the export market recently. One report from Vietnam indicates that bids from buyers for wire rod are at around $600/mt CFR, although small bookings at higher numbers around $620-625/mt CFR are heard. Also in Indonesia, Chinese material is currently offered at $630/mt CFR; however, without any positive response from buyers so far. The last deal concluded in October from China to Indonesia was slightly below $600/mt CFR. In Singapore, Chinese material is offered via trader at $650s CFR.