BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X
Skip Navigation LinksHome|News & Analysis|News Features|News Feature Detail

Print

Asian rebar unchanged as China rebar futures stabilize



Global Steel & Raw Materials Feature

April 20, 2017 - By Joy Zhuo, Dai Yuelin





The Asian market for seaborne rebar stabilized April 19 as sellers held offers in view of stable rebar futures on the Shanghai exchange.


Platts assessed 16-20mm diameter BS500 rebar at $409-411/mt FOB China actual weight, unchanged from April 18.


In Singapore, traders’ offers remained unchanged for June and July/August shipment at $420/mt and $405/mt CFR theoretical weight respectively, equivalent to $416/mt and $401/mt FOB China actual weight, with $16/mt freight and 3% volume tolerance.


Several stockists said the market seems to have stabilized, but one said that sentiment was very weak.


Analysis continues below...


Request a free trial of: Platts Daily Briefing Platts Daily Briefing
Platts Daily Briefing

Make smarter investment decisions using the latest breaking industry steel news in Platts Daily Briefing. Independent reporting by S&P Global Platts’ editors and analysts covers all aspects of the steel industry, including in-depth news and analysis by region - delivered to your inbox every morning.

Request A Free Trial More Information


In Hong Kong, offers remained unchanged from April 18, Platts was told.


A stockist said the buying indication was similar for almost all Hong Kong buyers at $410/mt CFR Hong Kong actual weight.


Major Chinese mills continued to offer at $420/mt FOB China theoretical weight, equivalent to $433/mt FOB China actual weight, said market participants.


Market activity was low, as several market participants were heading to eastern China for meetings.


Platts analyzes other steel and scrap products in this feature:


Iron ore | Scrap | HRC | Rebar | Semi-finished | News


Next commentary: Chinese billet plummets on short-position offers in SE Asia



Metals products and services


Steel Market data: Daily hot and cold rolled steel price assessments
Market Data - Steel and Raw Materials

The easiest way to receive Platts steel price assessments, third-party data, and a large historical database.

Show More Info
Daily briefing: Sign-up for Platts’ daily global steel price report.
Daily Briefing

Platts flagship downstream steel report is loaded with crucial prices & news on the world's steel markets.

Show More Info
Steel markets daily: steel price benchmarks, news and coverage to your inbox
Steel Markets Daily

Provides daily steel raw materials price benchmarks, plus global news & analytical coverage of the steel raw material markets.

Show More Info
Steel data: In-depth import and export data on the world’s steel markets
Steel Data & Analysis

Steel Data & Analysis delivers in-depth import, export, raw material and downstream data on the American steel markets.

Show More Info





Copyright © 2017 S&P Global Platts, a division of S&P Global. All rights reserved.