Import prices for rebar in Singapore were unchanged over the past week on thin demand and low liquidity in the spot market.
Metal Bulletin's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $560-570 per tonne cfr for the week to Monday February 19, unchanged from the preceding week. Major buyers in Singapore said they were not in the market for spot rebar cargoes due to the high inventory levels at their warehouses. Cargoes were also being offered higher...