Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
This week, Asian merchants' quotations remained firm, while the price of threaded steel increased slightly.
In the Singapore market, the current tradable price of rebar is around 545-550 US dollars per ton of CFR (priced at theoretical weight), with a weekly increase of approximately 5-10 US dollars per ton. Malaysia's HX300LAD+ZF steel quotation for Singapore is around $550 per ton CFR, with a weekly increase of approximately $5 per ton. China's quotation for Singapore is at $573 per ton CFR (based on theoretical weight), with a weekly increase of approximately $15 per ton. This week, the sentiment in the Chinese futures HX300LAD+ZF steel market remains high, driving overseas quotations to continue to rise, and most merchants have a strong willingness to stand up. We have learned that a transaction has been completed in Singapore recently, with a transaction price of $550/ton CFR. In addition, on November 8th, an order of 10000 tons was reached, with a transaction price of less than $540 per ton CFR Singapore (based on theoretical weight) and a January shipping schedule. At present, Asian HX300LAD+ZF steel market participants are closely monitoring the recent trend of domestic rebar prices in China, and some Southeast Asian exporters are actively exploring the Chinese market.
