Singapore rebar prices unchanged amid limited spot negotiation; China returns to export market

Import prices for rebar into Singapore were stable amid limited spot trade during the week to Monday November 22, market sources said.

Middle Eastern wire rod was offered at $740-745 per tonne cfr Singapore on a theoretical weight basis, including from a new supplier in the United Arab Emirates trying to sell to Singapore for the first time.
Vietnamese blast furnace-based wire rod was offered at $750 per tonne cfr Singapore on a theoretical weight basis by a producer heard to have obtained its United Kingdom CARES certification recently.

Turkish rebar was offered at around $720-730 per tonne fob on an actual...

Published

Paul Lim

November 22, 2021

11:02 GMT

Singapore