Chinese wire rod offers for SE Asia

Q195 grade 5.5 mm, 6.0 mm and 6.5 mm diameter wire rod offers from China to Southeast Asia are currently at $415-420/mt FOB on actual weight basis via payment by letter of credit for late February shipments. The offers are valid for 1,500-2,000 mt orders. SteelOrbis has been informed that currently activity in the wire rod market in China is very brisk. Due to the increasing price levels, exporters and their customers think that the future market for wire rods will be much more prosperous than now. As a result, it is easy for them to conclude transactions as long as the quotations are reasonable.