During the week ending March 15, Chinese export offer prices for rebar and wire rod have indicated a slight uptrend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $475-485/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $490-500/mt FOB.
During the given week, domestic rebar and wire rod prices have indicated a rising trend, exerting a positive impact on Chinese export offer prices for rebar and wire rod. Meanwhile, domestic ferrous metal futures prices have also moved up, providing some support for rebar and wire rod prices in the spot market. It is thought that rebar and wire rod export offer prices will likely continue their uptrend in the coming week.