China’s wire rod export prices flat, but participants expect further downside

China’s export prices for wire rod were unchanged over the past week amid active trading, though market participants have a bearish outlook for the coming week due to domestic losses.

The Fastmarkets MB export price assessment for July/August shipments of Chinese chromium-added mesh-quality wire rod was $510 per tonne fob on Tuesday June 18, unchanged from a week earlier. A few trading houses in China booked the product at $510 per tonne fob over the past week, sources said. “They concluded short-selling deals...

Published

Jessica Zong

June 19, 2019

06:43 GMT

Shanghai