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24 Aug

ASEAN wire rod import market trades thinly

The imported wire rod market in ASEAN has seen some small tonnage deals, Kallanish notes. Importers are buying only on a need-to basis and at price levels which they are comfortable with during the current uncertain market environment. Suppliers raised their offer prices for Chinese mesh-grade wire rod to $525/tonne cfr from  $520/tonne cfr Manila previously, Manila-based trading sources say on Thursday. These low-priced Chinese offers are generally believed …
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Anna Low  |  Singapore
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