Chinese wire rod export offers stood at USD 445-450/MT decrease by USD 8/MT in a week’s time following fall in domestic market.
Meanwhile, domestic prices for 8 mm wire rod (Q235) in Shanghai were assessed at around RMB 3,490/MT (USD 502). Offers were down by RMB 140/MT (USD 20) W-o-W. While in Beijing, offers remain unchanged in the same duration and stood at RMB 3,400/MT (USD 490) for the same grade material.
In the similar line, other international market like CIS export offers and South East Asia import offers were steady in the same duration.
Global wire rod prices in week 52 (19-25 Dec’16)
|
Region |
Offers in USD/MT |
W-o-W |
| China export (FoB main port) | 440-455 | -8 |
| CIS export (FoB Black Sea) | 440-445 | 0 |
| South East Asia (CFR) | 460-465 | 0 |
Prices in USD/MT, USD 1= RMB 6.94
Source: SteelMint Research
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