26
May
13:11
Traders' short-selling billet prices confuse Manila market
The billet import market in the Philippines may have found some support after falling sharply last week amid certain traders adopting short-selling positions in the market. The rebound in Chinese steel futures on Friday appears to have suspended the continuous slide in prices from earlier in the week.
Offers for Chinese 130mm square billet for July/August shipment stood last Friday at $500-505/tonne cfr Manila for 3sp grade billet and at $505-510/t cfr for 5sp gra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous