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02 Mar

ASEAN wire rod market drifts on uncertainties

The ASEAN import market for wire rod is seeing a wide gap in offers, Kallanish notes. At the same time, regional buyers are not active because of the lack of clear market direction. Chinese low-carbon wire rod, part of May-shipment position cargoes from Tangshan, is offered at as low as $625-630/tonne cfr Manila. A Chinese trader says Tangshan wire rod is currently offered at $620/t fob China and estimates freight to Manila at $12/t. Some meanwhile hear …
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