During the week ending July 6, Chinese export offer prices for rebar and wire rod have seen an overall uptrend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $320-330/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $330-340/mt FOB.
During the given week, domestic rebar and wire rod prices have continued a rising trend, stimulating Chinese steelmakers and traders to increase their export offer prices. Currently, bullish sentiment still prevails among market players in Chinese domestic finished steel market. It is thought that rebar and wire rod export offer prices will likely see a slight uptrend in the coming week.