Rebar import prices in Singapore increase on limited offers but buyers abstain

Import prices for rebar in Singapore increased during the week to Monday November 1 amid limited supply, with only the Middle East offering material which was deemed the lowest by local buyers.

Middle Eastern rebar was offered at $760 per tonne cfr on a theoretical weight basis to Singapore in the past week, although there was limited demand.
"The price is still a little high and there's no point rushing to buy now while offers are high," a major Singaporean stockist told Fastmarkets on Friday.
Other local buyers said demand remained thin because of the high number of Covid-19 cases in Singapore, which continued to affect downstream construction sites and lowered their demand for fabricated steel.

There were no...

Gold stocks weaker but outperform slump in other sectors

West Africa-focussed Robex and PDI to merge

Gold stocks outperform equity market gains

Most major producers rise but TSXV gold mixed

Platinum, palladium, copper gain on green China, supply constraints