Singapore rebar import prices stable amid limited spot negotiations

September 08, 2020 / www.metalbulletin.com / Article Link

Prices for rebar imports into Singapore were unchanged in the week to Monday September 7 amid limited spot negotiations, market sources told Fastmarkets.

Major end users in Singapore did not purchase any materials amid weak demand from downstream construction contractors and high inventory levels.
This is unlike the Hong Kong import market, which sources said had bought 52,000 tonnes of Turkish rebar at $443 per tonne fob on an actual weight basis in the past week, or around $470-475 per tonne cfr.

"The most optimistic outlook is that import demand may return some time in November or December, if the inventories in the country are...

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