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14 Mar

Sluggish demand weighs on ASEAN longs markets

Domestic prices in the ASEAN construction long products market are weak. Subdued demand continues to depress the market and this is affecting offtake for imported billet and raw materials, Kallanish notes. In Singapore, domestic theoretical-weight rebar prices are prevailing at SGD 900-920/tonne ($669-684/t). “There are some stockists which are trying to sell at higher levels. The market is quiet because of market uncertainties,” a Singapore trader say…
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