Southeast Asia Long Timber Import Prices Fell

On July 10, Singapore rebar is valued at $550-560 / ton (CFR), slightly lower than last week’s $555-560 / ton (CFR) price. According to the Singapore market news, at the beginning of this week, a parent Malaysian mainstream steel mills to Singapore rebar export quoted $570 / ton (CFR), including the freight from the port to the buyer; an Indian steel mills to Singapore rebar export quoted $562-565 / ton (CFR), but the steel mills said that this price has no orders. A Singapore trader said that he had not heard of a large number of imported rebar orders in the Singapore market in the recent week, and the psychological price of Singaporean buyers for imported rebar is mostly $550 / ton (CFR). July 10 Southeast Asia wire (low carbon) import valuation of $540-560 / ton (CFR), down from last week’s $550-560 / ton (CFR). According to the Southeast Asian market news, the mainstream export price of Chinese blast furnace production at the beginning of this week is $540 USD / ton (CFR); the mainstream export price of the blast furnace process in Indonesia to the beginning of the week is $560 / ton (CFR), down $5 / ton from last week; the mainstream export price of Vietnamese blast furnace production in this week is $565 / ton (FOB), equivalent to 580-585 USD / ton (CFR) to other Southeast Asian countries. Some market participants in Southeast Asia said that due to the current low demand of Chinese steel market, it is expected that the import price of wire in Southeast Asia will rise in the short term, and it is likely to fluctuate within the range of $540-560 / ton (CFR).