11
Nov
11:14
ASEAN longs markets watch China for direction
Long products import market direction in Southeast Asia is unclear after a strong rebound in the Chinese steel futures and physical markets, Kallanish notes. Market sentiment had been very weak at the start of this week.
A trader’s offer for theoretical-weight open-origin rebar for future delivery at $660-670/tonne cfr Singapore on Monday drew attention in the market. The offer is for shipment during May 2022-November 2022 at seller’s option.
Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous