During the week ending June 15, Chinese export offer prices for
rebar and
wire rod have moved on a stable 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 from Chinese suppliers to the same destination are at $325-335/mt FOB.
During the given week,
rebar and
wire rod prices in the Chinese domestic market have increased, providing some support for export offer prices for
rebar and
wire rod from
China, enabling Chinese steelmakers and traders to keep their export offer prices stable. It is thought that
rebar and
wire rod export offer prices will likely continue their stable trend in the coming week.