Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
In terms of rebar, the export price of Zhangjiagang B500B rebar is estimated to be 565 US dollars/ton, with a weekly increase of 5 US dollars/ton.
In terms of wire, this week, exporters raised their prices, leading to a slight increase in prices. At present, major HX340BD+ZM steel mills in China offer FOB prices ranging from $560 to $590 per ton, while a steel mill in the north offers a higher FOB price of $592 per ton. Several high carbon wire HX340BD+ZM steel mills have quoted FOB prices ranging from $600 to $615 per ton, with a month on week increase of approximately $15 per ton. However, some traders reported that the transaction price did not keep up with the increase, with an increase of $5 per ton.
We have learned that a transaction was completed this week, with a transaction price ranging from $550 to $560 per ton FOB. Recently, market sentiment has rebounded, with demand for high carbon wires being better than that for low-carbon wires. The trader stated that due to the export price being lower than the domestic price, there is currently no willingness to lower the price. As the price difference between domestic and export prices in China gradually widens, buyers are beginning to accept higher quotes HX340BD+ZM steel .
