During the week ending January 18, Chinese export offer prices for rebar and wire rod have indicated a rising trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $435-445/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $445-455/mt FOB. ,
During the given week, the increases in ferrous metal futures in China have boosted confidence among market players, providing support for Chinese domestic rebar and wire rod prices in the spot market, thereby contributing to the upward movement of rebar and wire rod export offer prices. Meanwhile, prices of raw materials have also risen, pushing up steelmakers' costs, it is expected that in the coming week Chinese export offer prices for rebar and wire rod will move sideways or edge up slightly.