During the week ending September 2, Chinese export offer prices for rebar and wire rod have moved on an overall declining trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $305-315/mt FOB, while boron-added wire rod offers given by Chinese suppliers to the same destination are at $320-325/mt FOB.
During the give week, the significant declines in Chinese domestic finished steel prices have negatively affected export offer prices, with both steelmakers and traders decreasing their export prices. Meanwhile, the poor performance in international commodities prices has been another key factor influencing long steel export offer prices. For the coming period, Chinese exporters may mostly maintain a wait-and-see stance instead of making any significant decreases to their prices. It is thought that Chinese rebar and wire rod export prices may just indicate a slight downtrend in the coming week.