Singapore rebar market sees limited negotiation amid thin demand

The Singapore rebar import market saw limited negotiations during the week to Monday December 6 amid ample inventories and thin demand from buyers.

Key market sources indicated that the spot price level remained at $720 per tonne cfr Singapore on a theoretical weight basis, while a seller was offering Indian and Middle Eastern rebar cargoes at $715-720 per tonne cfr Singapore on a theoretical weight basis.

The spot prices are in line with recent transactions to Hong Kong at $715-720 per tonne cfr Singapore on an actual weight basis by a major...

Published

Paul Lim

December 06, 2021

11:13 GMT

Singapore