Metal Bulletin’s price assessment for Southeast Asian rebar imports
– which mainly looks at cargoes sold into Singapore on a theoretical weight basis – was $570-580 per tonne cfr for the week to Monday January 8, up $10-15 per tonne from the previous week
Bids had increased slightly after some buyers returned to the market.
“Some buyers who are seeking smaller shipments are able to accept cargoes up to $570 per tonne cfr Singapore,” a trader based in Southeast Asia said.
Major buyers continued to stay on the sidelines, stating that high inventory...