Chinese wire rod export offers stood at about USD 410-415/MT up 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 3,110/MT (USD 455). Offers up by around RMB 150/MT (USD 21) W-o-W. While in Beijing, offers have also move up by RMB 140/MT(USD 20) in the same duartion and stood at about RMB 3,040/MT (USD 443) for the same grade material.
In the similar line, other international market like CIS export offers up by USD 15/MT and South East Asia import offers also up by USD 25/MT in the same duration.
Global wire rod prices in week 46 (07-13 Nov’16)
|
Region |
Offers in USD/MT |
W-o-W |
| China export (FoB main port) | 415 | +15 |
| CIS export (FoB Black Sea) | 405 | +10 |
| South East Asia (CFR) | 405 | +25 |
Prices in USD/MT, USD 1= RMB 6.85
Source: SteelMint Research
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