Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
Recently, due to factors such as reduced production by some steel mills and a rebound in raw material prices, the export prices of Chinese long products have increased. From the quotation of rebar, we understand that some Chinese JSH540B steel mills are quoting $535-540 per ton CFR Singapore, with a month on week increase of $5 per ton. But currently, China's quotation to Singapore does not have an advantage. We have learned that a steel mill in Malaysia quoted Singapore $520/ton CFR (calculated) for its rebar. Singaporean JSH540B steel buyers have stated that the mainstream import price of rebar in Singapore is currently at a historical low (approximately $515-520 per ton CFR), so they are currently adopting a wait-and-see attitude towards the increase in export prices from China.
In terms of wire rods, we have learned that the mainstream export quotation in China is about 530 USD/ton FOB, and the transaction price is about 520-525 USD/ton FOB. Some steel mills have indicated that there are relatively few export orders in the near future. In addition, we have recently heard about some low-priced resources, offering a JSH540B steel price of $515 per ton CFR Philippines for 6.5mm wire, and also hearing about low-priced resources of $510 per ton CFR Singapore.
