Singapore rebar import prices stable on inactivity

Import prices for rebar in Singapore held steady over the past week amid limited negotiations in the spot market.

Metal Bulletin’s assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $530-535 per tonne cfr for the week to Monday August 27, unchanged from the preceding week.
Market sources said there was almost no activity in the spot market due to the major Eid al-Adha holiday in major suppliers Turkey and Qatar.

“Most market participants are on the...

Published

Paul Lim

August 27, 2018

10:35 GMT

Singapore