Last week Singapore rebar price offers remained flat due to the low demand according to the sources.
The atmosphere in the markets has been calm for a while as there is no transaction takes place due to the break.
According to outlets monitoring market movements, the China-centered slowdown contributed to this recession.
Theoretical weighted rebar offer from Malaysian mills remained unchanged last week at $545/tonne for delivery by truck (DAP). These figures painted a picture equivalent to $540/ton CFR Singapore.
For rebar prices in China, Vietnam and Malaysia, there is a possibility of post-holiday activity expected on October 9, with offers to revive next week, as Kallanish states.
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