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After being spurred by strong futures based on the positive post-holiday outlook, Chinese hot rolled coil prices rose early last week. But declines followed as downstream demand recovered slowly and the market panicked with futures at half-year highs, Kallanish notes. In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,120-4,140/tonne ($621-624/t), down CNY 90/t over two weeks. On the Shanghai Futures Exchange, meanwhile, the most-trad…
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Kallanish Asia
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