Domestic prices for 8 mm wire rod (Q235) in Shanghai were assessed at around RMB 2,680/MT (USD 391). Offers up by around RMB 20/MT (USD 3) W-o-W.
While in Beijing, offers have moved up by RMB 50/MT (USD 8) and stood at RMB 2,730/MT (USD 406) for the same grade material.
Meanwhile, Wire Rod export offers in China stood at about USD 340-345/MT FoB Main port in week 41.
In the similar line, CIS export offers slightly up by USD 5/MT and stood at USD 363/MT in the same duration.
Global wire rod prices in week 41 (03-09 Oct’16)
|
Region |
Offers in USD/MT |
W-o-W |
| China export (FoB main port) | 342 | 0 |
| CIS export (FoB Black Sea) | 363 | +5 |
| South East Asia (CFR) | 347 | 0 |
Prices in USD/MT, USD 1= RMB 6.72
Source: SteelMint Research
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