Chinese rebar and wire rod export offers indicate rebounding trend

Wednesday, 13 April 2016 11:56:44 (GMT+3)   |   Shanghai
       

During the week ending April 13, Chinese export offer prices for rebar and wire rod have indicated a rebounding trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $375-380/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $395-400/mt FOB.

During the given week, domestic rebar and wire rod prices in China have indicated a sharp rising trend, pushing up export offer prices for rebar and wire rod from China. Meanwhile, traders and steelmakers are under less pressure to conclude sales due to their relatively low inventory levels. It is thought that rebar and wire rod export offer prices from China will likely trend up further in the coming week.


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