China's wire rod export market has been revived due to the continuous depreciation of the yuan against the dollar. The market seems to have stepped into the most active period of deals so far this year.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $550-560/tonne fob China, down $12.5/t week-on-week.
The CNY/USD exchange rate broke through 7.2 briefly this week, which directly led to the reduction of effective offer prices&nb…
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