During the week ending September 21, Chinese export offer prices for rebar and wire rod have indicated a slight declining trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $345-355/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $370-380/mt FOB.
During the given week, the downtrend in domestic rebar and wire rod prices have negatively affected export offer prices for rebar and wire rod, thus traders and steelmakers decreased their export offer prices. Meanwhile, the National Day holiday (October 1-7) is approaching amid the traditional peak season for business, it is thought that rebar and wire rod export offer prices will likely follow a stable trend in the coming week.