Singapore rebar import prices flat on unchanged fundamentals

Import prices for rebar in Singapore held steady over the past week amid an absence of changes to market fundamentals.

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.


Paul Lim

November 20, 2017

09:50 GMT