11
Jul
10:45
Singapore rebar market weakens, Philippine rebar mill inaugurated
The market for imported rebar in Singapore is soft, Kallanish notes. Price volatility in Chinese steel futures has affected buying from end-users.
A leading Malaysian mill’s theoretical-weight rebar for September shipment is prevailing at around $520/tonne dap (trucked to Singapore) compared to $525/t last week. The dap Singapore basis price is $5-10/t higher than cfr Singapore basis.
Prices on the Shanghai Futures Exchange (SHFE) weakened at the start of t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous