The market today resumes opening after holidays at a little decline from where it was last week. Some trivial early arrivals during Jan are estimated in DakNong. Spot market is not very active whereas the forward trade/bids are not readily accepted. However, the farmers and local sellers should carefully consider their stocks and timing to trade in these down trends. Supportive factor, if any, is mostly coming from Chinese buyers who are usually playing to bullish the markets in recent years. Since then, market would go for further corrections towards its real production costs and prices.
Today prices indications:
Vietnamese origin:
- BP 500 FAQ @ 3250 - 3300 USD/mt
- BP 500 Spiral Cleaned @ 3500 - 3550 USD/mt
- BP 550 FAQ @ 3450 - 3500 USD/mt
- BP 550 Spiral Cleaned @ 3650 - 3700 USD/mt
- WP DW @ 5150 - 5200 USD/mt
- BP 500 Spiral Cleaned @ 3500 - 3550 USD/mt
- BP 550 FAQ @ 3450 - 3500 USD/mt
- BP 550 Spiral Cleaned @ 3650 - 3700 USD/mt
- WP DW @ 5150 - 5200 USD/mt
FOB basis - Jan/Feb shipment
New crop indications Mar/Apr FOB basis:
- BP 500 FAQ @ 3000 USD/mt
- BP 500 Spiral Cleaned @ 3200 USD/mt
- BP 550 FAQ @ 3150 USD/mt
- BP 550 Spiral Cleaned @ 3250 USD/mt
- BP 500 Spiral Cleaned @ 3200 USD/mt
- BP 550 FAQ @ 3150 USD/mt
- BP 550 Spiral Cleaned @ 3250 USD/mt
- BP 570 ASTA @ 3300 USD/mt
- 5MM @ 3450 USD/mt
- WP DW @ 5000 USD/mt
- WP DW @ 5000 USD/mt
Your inquiries/counter-bids or market information exchanging, discussions are mostly welcomed anytime.
Please feel free to contact us.
Ngoi Nha Hat Vietnam Co., Ltd.
info@ngoinhahat.com