Posted on 12 Sep 2025
The rebar import market in Singapore has remained soft this week, Kallanish notes.
Chinese theoretical-weight rebar prices for November shipment fell by $5/tonne to $480/t cfr Singapore compared to $485/t cfr last week. The drop is in line with the weaker Chinese futures market, a Chinese trader says.
A Singapore trader notes Chinese offers this week at $480/t cfr are negotiable. The shortage of rebar which surfaced last month has now eased with the arrival of Chinese material. He reports that a leading stockist’s 20,000-30,000-tonne order from a Chinese mill booked at $474/t cfr in June will arrive in mid-September.
Other cargoes of Chinese rebar were booked last month for prompt shipment at the end of the same month, another says.
A leading Malaysian supplier’s offer for theoretical-weight rebar is unchanged from last week at $485/t dap (trucked to) Singapore for November deliveries. The dap basis price is estimated to be $5-10/t higher than on a cfr Singapore basis.
Kallanish assessed BS4449 500B 10-40mm diameter rebar at $475-480/t cfr Singapore, unchanged on-week.
Meanwhile, India’s JSPL is targeting to export 12mm diameter rebar at $540-550/t cfr basis in ASEAN countries, a mill official tells Kallanish. This price level is unlikely to attract buyers as Chinese rebar is offered at much lower, at $480-490/t cfr, he notes. But the mill is unwilling to match Chinese prices because the Indian domestic market is currently paying above $500/t. JSPL is meanwhile aiming to export to the EU at $630/t cfr, he adds.
Source:Kallanish
