During the week ending July 17, Chinese export offer prices for rebar and wire rod have moved sideways. At present, rebar offers given by Chinese suppliers are at $500-510/mt FOB, while wire rod offers are at $520-530/mt FOB.
During the given week, iron ore prices have moved at high levels, providing solid support for Chinese rebar and wire rod prices from the cost side. Meanwhile, Chinese rebar and wire rod outputs have decreased due to environmental protection measures, exerting a positive impact on rebar and wire rod prices. However, the rainy weather in China has negatively affected the domestic demand for rebar and wire rod. It is thought that rebar and wire rod export prices from China will move on a stable trend in the coming week.
|
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
|
ASTM A615 |
20 mm |
505 |
0 |
|
|
SAE1008-1010 |
7-8.5 mm |
525 |
0 |