Singaporean rebar import price flat
2013-07-04 08:50:53 [Print]
BEIJING (Asian Metal) 4 Jul 13 - The import market of rebar in Singapore is not quite active now with flat import offers. The current import price of rebar BS4449 GR500 Φ16-22mm from China is USD480-500/t CFR Singapore, while that of materials from Turkey is USD560-580/t CFR Singapore.
A local trader in Singapore said that the last offer he received for rebar BS4449 GR500 Φ16-22mm from Chinese mills was USD490/t CFR Singapore last week, and there are no new offers yet.
According to him, the local market in Singapore is not quite active, but the demand is not very soft either, so importers are still eager to place orders when the import price is low. “I do not build stocks, but I can import materials for local buyers or export to other countries,” he said. Besides, he revealed that Turkish rebar mills and exporters announced that they will raise quotations to USD580-600/t FOB, but now there is no news yet. In his opinion, the international market is still slow and the offer from China is much more competitive, so Turkish export price is hard to go up.
A steel stockist in Singapore reported that the current quotation for rebar BS4449 GR500 Φ16-22mm from Chinese mills is USD490/t CFR Singapore, stable compared with that of last week.
Similarly, the source said he placed a batch of rebar from Chinese exporters two weeks ago with a concluded price of USD480/t CFR Singapore. “I think the price is very low, and my stock of rebar needs to replenish, so I purchased,” he said, adding that his current inventory of all steel products is over 70,000t, still less than the regular one of 100,000t in past years. About the coming market, the source deemed that it will remain flat in following days of July, with prices moving up and down slightly.
A local trader in Singapore said that the last offer he received for rebar BS4449 GR500 Φ16-22mm from Chinese mills was USD490/t CFR Singapore last week, and there are no new offers yet.
According to him, the local market in Singapore is not quite active, but the demand is not very soft either, so importers are still eager to place orders when the import price is low. “I do not build stocks, but I can import materials for local buyers or export to other countries,” he said. Besides, he revealed that Turkish rebar mills and exporters announced that they will raise quotations to USD580-600/t FOB, but now there is no news yet. In his opinion, the international market is still slow and the offer from China is much more competitive, so Turkish export price is hard to go up.
A steel stockist in Singapore reported that the current quotation for rebar BS4449 GR500 Φ16-22mm from Chinese mills is USD490/t CFR Singapore, stable compared with that of last week.
Similarly, the source said he placed a batch of rebar from Chinese exporters two weeks ago with a concluded price of USD480/t CFR Singapore. “I think the price is very low, and my stock of rebar needs to replenish, so I purchased,” he said, adding that his current inventory of all steel products is over 70,000t, still less than the regular one of 100,000t in past years. About the coming market, the source deemed that it will remain flat in following days of July, with prices moving up and down slightly.
