Import Prices Of Long Products in Southeast Asia Are Stable With Falling

On April 3, Singapore’s rebar import assessment price was US$645/ton (CFR), a week-on-week decrease of US$15/ton.

According to market news in Singapore, some overseas suppliers quoted USD 645/ton (CFR) for rebar export to Singapore earlier this week, and the delivery date is June. A Singapore trader said that the demand for rebar in Singapore was still relatively sluggish in the latest week, but it was slightly better than the previous week. End-user rebar purchases on construction sites increased, but the current end-user rebar inventory is still at a high level. It is expected that by the end of April 5 Purchases will increase at the beginning of the month.

Note: USD 645 = RMB 4,438 (calculated based on the exchange rate of RMB to USD on April 4)

On April 3, the import price of wire rod (low carbon) in Southeast Asia was evaluated at 610 US dollars / ton (CFR), which was unchanged from week to week.

According to market news in Southeast Asia, at the beginning of this week, the mainstream export price of Chinese wire rods to the Philippines was US$610-615/ton (CFR). By the 10th, a Filipino trader said that some Filipinos had already started to go out, and bus stations, train stations, and airports were crowded. At the beginning of this week, an Indonesian mainstream steel mill quoted USD 610/ton (FOB) for exporting wire rods to other Southeast Asian countries. A trader in Singapore said that the demand for imported wire rods in Southeast Asian countries is still relatively sluggish.

Note: USD 610 = RMB 4197 (calculated based on the exchange rate of RMB to USD on April 4)