Singapore rebar import prices drop again on poor demand

Import prices for rebar in Singapore continued to fall amid poor end-user demand in the country.

Metal Bulletin’s price assessment for Southeast Asian rebar imports – which mainly looks at Chinese cargoes sold into Singapore on a theoretical weight basis – was $510-530 per tonne cfr for the week to Monday November 13, down $5-15 from $525-535 per tonne cfr a week earlier.
Market sources said that a spot deal involving an India-origin position cargo was concluded close to $510 per tonne cfr. Mill cargoes were offered at $505 per tonne fob China, or about $525-530 per tonne cfr Singapore.

Major buyers on the lookout for bargains put in...


Paul Lim

November 14, 2017

06:19 GMT