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The ASEAN import market for long products remains soft, Kallanish notes. Buyers are generally staying on the sidelines and are not enticed to book large quantities amid concerns that the downward price trend will continue. Small tonnages of China-origin low-carbon 6.5mm diameter non-alloy wire rod from Tangshan were booked early this week at around $610/tonne cfr Manila. These are small lots of 1,000-2,000 tonnes each and are residual cargoes on vessels ferrying o…
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Anna Low Singapore
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