Metal Bulletin’s assessment of import prices for rebar in Southeast Asia - 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 20, unchanged from
the preceding week.
Market sources said an India-origin position cargo had changed hands at $508 per tonne cfr China. This prompt-shipment cargo was not taken into account in Metal Bulletin’s assessment as it does not meet the criteria outlined in the methodology.
