Rebar import prices in Singapore steady amid Chinese holiday

Import prices for rebar in Singapore were unchanged over the past week due to limited activity in the market, with China away for its Golden Week marking its national day.

Fastmarkets MB’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 per tonne cfr for the week to Monday October 8, unchanged from a week earlier.
Buyers were wary of purchasing spot cargoes over the past week due to an unclear outlook for prices.

“End users are mostly taking a wait-and-see approach to...

Published

Paul Lim

October 08, 2018

11:00 GMT

Singapore