Malaysian rebar prices come down

BEIJING (Asian Metal) 18 Aug 15 - Prices of rebar in Malaysia continue to decline at the moment, influenced by the bad market performance and the brunt of low-cost imported materials.Asian Metal Copyright “Downstream consumers prefer imported materials at the moment,” he says, adding that his sales volume was around 2,000 tons in July, down by around 30% compared with his monthly sales volume in Q1 of this year.Asian Metal Copyright Insiders predict that it is likely that prices of rebar will come down further in the near future.

A trader from a large-sized company in Perak report that current prices for rebar BS4449 GR500Φ10-12mm and Φ16-32mm are MYR1,680/t (USD410/t) and MYR1,580/t (USD385/t) with GST excluded respectively, down by MYR20/t (USD5/t) compared with those of last week.

Noted by him, rebar prices totally went down by MYR50/t (USD12/t) in past two weeks. According to him, prices of imported materials from China are MYR130-150/t (USD32-37/t) lower than those of local materials.Asian Metal Copyright “Traders only offer a small discount when customers placed large orders of 300-500 tons or even 1,000 tons at a time in the beginning of this year, but we begin to give a discount of at least MYR20-30t USD5-7t to customers as long as they have firm orders at the moment,” he says, showing little optimism for the outlook of the market.Asian Metal Copyright “Downstream consumers prefer imported materials at the moment,” he says, adding that his sales volume was around 2,000 tons in July, down by around 30% compared with his monthly sales volume in Q1 of this year.Asian Metal Copyright Noted by him, rebar prices totally went down by MYR50t USD12t in past two weeks.Asian Metal Copyright The source has no confidence whether the sales volume will reach 2,000 tons in August.

A trader from a large-sized company in Selangor said the price of rebar BS4449 GR500Φ16-32mm from local mills is MYR1,550/t (USD378/t) with GST excluded, falling by MYR30/t (USD7/t) compared with that of last week.

According to the source, the economic and political situation in Malaysia is not stable, so that rebar market participants are short of confidence in the market outlook. “Traders only offer a small discount when customers placed large orders of 300-500 tons or even 1,000 tons at a time in the beginning of this year, but we begin to give a discount of at least MYR20-30/t (USD5-7/t) to customers as long as they have firm orders at the moment,” he says, showing little optimism for the outlook of the market.Asian Metal Copyright “Traders only offer a small discount when customers placed large orders of 300-500 tons or even 1,000 tons at a time in the beginning of this year, but we begin to give a discount of at least MYR20-30t USD5-7t to customers as long as they have firm orders at the moment,” he says, showing little optimism for the outlook of the market.Asian Metal Copyright