During the week ending October 26, Chinese export offer prices for rebar and wire rod have edged up slightly. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $345-355/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $365-375/mt FOB.
During the given week, rebar and wire rod prices in the Chinese domestic market have continued to move up with the support of rises seen in coke prices and so Chinese steelmakers and traders have increased their export offer prices. It is thought that Chinese export offer prices for rebar and wire rod will likely edge up slightly in the coming week as bullish sentiment still prevails in the ferrous metals markets.