Singapore rebar prices unchanged amid lack of spot negotiations

There were no spot negotiations for rebar imports in Singapore this past week because downstream construction activity remained weak, market sources told Fastmarkets.

"There has been no change in the market situation. Many construction sites have still not started work," a buyer source in Singapore told Fastmarkets on Thursday July 2.

Offers for Turkish and Indian rebar remained at $430-440 per tonne cfr Singapore on a theoretical weight basis during the week to no interest. Chinese rebar offered "remained high", a buyer said, but did not give...

Published

Paul Lim

July 06, 2020

10:05 GMT

Singapore