Billet prices in the ASEAN market are experiencing a decline, influenced by falling Chinese billet prices and softening steel futures. Export offers for Chinese 3sp 150mm base billet are currently at $480-482/tonne fob China, down from $500/t last week. In Manila, traders are offering open-origin billets at $485/t cfr for 3sp grade and $490/t cfr for 5sp grade. A stronger Chinese yuan is supporting lower export prices, but traders remain cautious, with bids reported at $485/t cfr for 5sp billet. Domestic billet prices in Tangshan, China, have also dropped by CNY 20/t ($3).