During the week ending July 1, Chinese export offer prices for rebar and wire rod have continued their downward trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $325-335/mt FOB, while boron-added wire rod offers given by Chinese suppliers to the same destination are at $335-345/mt FOB.
During the given week, rebar and wire rod prices in the Chinese domestic market have continued their declining trend, negatively affecting export offer prices from China. Meanwhile, increased availability of supply for export has also contributed to the decreases in export offer prices. It is thought that rebar and wire rod export offer prices will likely indicate a slight downtrend in the coming week.