Singapore rebar import market receptive to lower Indian offers

June 22, 2021 / www.metalbulletin.com / Article Link

Preference for Indian rebar has been growing steadily in the key Singapore import market due to the lower offers for such materials, sources told Fastmarkets during the week to Monday June 21.

Market participants reported Indian material being offered as low as $750 per tonne cfr Singapore on a theoretical weight basis by traders, which is very close to buyers' preferred purchasing price, a trader in Singapore told Fastmarkets.
There were also bids at $720 per tonne cfr Singapore for imported cargoes, although traders said cargoes could not be secured at such levels.
No deals were done at the $750 per tonne level, but sources indicated buyers were gradually more accepting of Indian cargoes because of the relatively cheap prices. Meanwhile, Indian sellers are reportedly willing to reduce their offers to dispose of their cargoes.

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok