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The East Asian rebar import market remains under pressure amid negative sentiment in the region, Kallanish notes. Two 20,000-tonne forward contracts for actual-weight rebar were heard to have transacted for the Hong Kong market at $668/tonne cfr. Two well-known Chinese traders are believed to be involved in the deals, for far-ahead shipment of open-origin rebar. “Shipment should be very far [ahead in time] because the trader must use the futures ma…
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Anna Low Singapore
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