China’s wire rod export offers fell by USD 6/MT in the last one week and stood at USD 347/MT, FoB main port.
Meanwhile, domestic prices for 8 mm wire rod (Q235) in Shanghai were assessed at around RMB 2,690/MT (USD 403). Offers were down by around RMB 40/MT(USD 6) in the last one week. While in Beijing, the offers moved up by RMB 20/MT (USD 3) and stood at RMB 2,690/MT (USD 403) for the same grade material.
However, CIS export offers fell slightly by USD 4/MT and stood at USD 351/MT in the same duration.
Global wire rod prices in week 39 (19-25 Sep’16)
| Region | Offers in USD/MT | W-o-W |
| China export (FoB main port) | 347 | -6 |
| CIS export (FoB Black Sea) | 367 | -4 |
| South East Asia (CFR) | 351 | -9 |
Prices in USD/MT, USD 1= RMB 6.6646
Source: SteelMint Research
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