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China's loan prime rate (LPR) has remained stable against expectations of further easing. This pushed Chinese rebar and hot rolled coil futures lower on Tuesday, Kallanish notes. On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 37/tonne lower than Monday at CNY 3,659/t ($522/t), while the same contract for HRC lost CNY 46/t at CNY 3,704/t. The People's Bank of China on Tuesday kept LPR stabl…
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Kallanish Asia
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