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20 Jun

Rebar import markets stagnate in Singapore, Hong Kong

Market sentiment for rebar is bearish in Singapore and Hong Kong with thin buying interest, Kallanish notes. Trades are lacking in the market because of weak demand. A leading Malaysian mill’s theoretical-weight rebar for August shipment is currently offered at $525-530/tonne dap (trucked to Singapore). The mill’s offer is still unchanged at $530/t dap whereas traders are offering at $525/t dap, an importer says. The mill typically exports to Singapore…
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