Chinese wire rod export offers rose by USD 14/MT in week 33.
China’s wire rod export offers have surged by USD 14/MT in the last week and stood at USD 360/MT, FoB main port.
Meanwhile, domestic prices for 8 mm wire rod (Q235) in Shanghai were assessed at around RMB 2,690/MT (USD 406). Offers up by around RMB 70/MT( USD 11) in the last one week. While in Beijing, offers have moved up by RMB 40/MT (USD 6) and stood at RMB 2,630/MT (USD 397) for the same grade material.
However, CIS export offers stood at USD 352/MT in the same duration; remain unchanged.
Global wire rod prices in week 33 (8-14 Aug’16)
|
Region |
Offers in USD/MT |
W-o-W |
| China export (FoB main port) | 360 | +14 |
| CIS export (FoB Black Sea) | 352 | 0 |
| South East Asia (CFR) | 355 | +7 |
Prices in USD/MT, USD 1= RMB 6.6305
Source: SteelMint Research
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