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14 Dec
11:35

ASEAN wire rod market firms on Chinese strength

Prices of imported wire rod continue to be firm in the Philippines, Kallanish notes. Buyers are still cautious and, if there is buying, transaction volumes are limited. Offers for Chinese mesh-grade 6.5mm diameter wire rod are prevailing at $555-560/tonne cfr Manila. This compares with $560-565/t cfr last week. Several small-tonnage bookings of a few thousand tonnes each were heard at $555/t cfr Manila earlier this week. This price level, or below $560/t cfr, woul…
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