China’s spot rebar prices plunge as pessimism seeps in

The pace of price drops in China’s spot rebar market picked up speed on Thursday March 9 as traders start to make a bigger push towards lowering their inventories.


Key drivers
After several days of price drops in the spot rebar market, along with weakening futures, rebar traders who have a lot of materials in their inventories have become more eager to sell.

Buyers on the other hand are waiting for further price drops,...

Published

Jessica Zong

March 09, 2017

09:00 GMT

Shanghai