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15 Sep

ASEAN longs markets stagnate on sluggish demand

The longs import market is stagnant in East Asia on weak demand. Buying interest is still patchy and most exporters are holding their offer prices unchanged from last week, Kallanish notes. No deals are heard to have concluded for rebar to Singapore. Malaysian theoretical-weight rebar is offered at $595-$600/t delivered-at-place (dap) Singapore. This would be equivalent to $585-590/t cfr Singapore. Buyers still want to pay $570/t cfr, says a Si…
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