25
Jul
09:21
ASEAN longs markets succumb to China, regional weakness
The import market for longs remains under pressure in ASEAN, Kallanish notes.
In Singapore, theoretical-weight rebar for September shipment from Malaysia is prevailing at $510-515/tonne dap (trucked to Singapore). This is $5 lower than last week. A firm bid for 10,000 tonnes for September delivery at $505/t dap is likely to be accepted too, a Singapore buyer said on Thursday. The dap Singapore basis price is $5-10/t higher than cfr Singapore basis.
The market has…
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Anonymous
Very good overview of the weekly steel market.
Anonymous