01
Aug
08:55
Weaker Chinese wire rod depresses ASEAN market
Volatility in the Chinese futures market continues to weigh in on the import markets for wire rod in ASEAN, Kallanish notes.
Offers for Chinese mesh-grade 6.5mm diameter wire rod were heard at $500-505/t cfr Manila earlier this week, Philippine trading sources say. “Offers should be slightly higher today due to higher futures and the stronger [CNY],” a Manila trader says. He heard of an order for around 2,000t of Chinese wire rod booked at $495/t cfr W…
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Anonymous
Very good overview of the weekly steel market.
Anonymous