Chinese wire rod export offers stood at USD 445-450/MT increased by about USD 15/MT in a week’s time following gain in domestic market.
Meanwhile, domestic prices for 8 mm wire rod (Q235) in Shanghai were assessed at around RMB 3,560/MT (USD 521). Offers were up by RMB 80/MT (USD 11) W-o-W. In Beijing, offers remain unchanged in the same duration and stood at RMB 3,380/MT (USD 490) for the same grade material.
In the similar line, other international market like CIS export offers were increased by USD 5/MT, while South East Asian import offers are also up by USD 8/MT.
Global wire rod prices in week 04 (16-22 Jan’16)
|
Region |
Offers in USD/MT |
W-o-W |
|
China export (FoB main port) |
445-450 | +15 |
| CIS export (FoB Black Sea) | 435-440 | +5 |
| South East Asia (CFR) | 447-452 | +8 |
Prices in USD/MT, USD 1= RMB 6.83
Source: SteelMint Research
Leave a Reply