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The recent start of electricity rationing in Taiwan capped any major price climbs in its containerized ferrous scrap import market during the week to Friday July 2, sources told Fastmarkets.
Seaborne coking coal prices inched higher in both the fob market on Friday July 2 on bullish sentiment in the fob market, while prices in the cfr market fluctuated slightly.
Demand for both domestic and imported scrap continued to be low in the China market on Friday July 2, market sources told Fastmarkets.
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday July 2, and were looking quite divergent.
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