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Chinese rebar prices rebounded on Friday after falling earlier in the week, with financial policy stimulus leading to an improvement in the futures market, Kallanish notes. In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,590-4,600/tonne ($688-689/t), down by CNY 15/t on-week. The October rebar contract on the Shanghai Futures Exchange closed at CNY 4,638/t, up by CNY 59/t compared with Thursday but down CNY 32/t from the…
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Kallanish Asia
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