Thin liquidity in Singapore rebar import market ahead of Lunar New Year

There was thin spot liquidity in the Singapore rebar import market this week due to the looming Lunar New Year holidays.

The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $455-465 per tonne for the week to Friday January 24, unchanged from a week earlier.

There were no spot negotiations this week, with...


Paul Lim

January 24, 2020

09:15 GMT