Import prices for rebar in Singapore fell over the past week on soft end-user demand despite the return of key market participants.
The appreciation of the Chinese yuan to 6.79 yuan to a US dollar last Friday January 11 - from 6.88 yuan per dollar at the start of the year - did not lend any support to the market.Fastmarkets MB's import price assessment for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $470 per tonne cfr for the week to Monday January 14, down $5-15 per...