During the week ending May 20, Chinese export offer prices for rebar and wire rod have continued their stable trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $340-350/mt FOB, while boron-added wire rod offers given by Chinese suppliers to the same destination are at $350-360/mt FOB, both remaining unchanged week on week.
Demand for these offers is considered to be at decent levels, similar to the demand levels observed in the same period last year. Nevertheless, the relatively plentiful export supply volumes of China's rebar and wire rod from steelmakers and traders have made it difficult to increase offer prices. It is expected that rebar and wire rod export prices from China will likely continue their stable movement in the coming week.