China’s spot rebar traders cut prices to capture pre-holiday interest

China’s spot rebar traders lowered their prices on Thursday May 25 in an attempt to secure more sales ahead of a holiday in the country.


Key drivers
With the market set to take a break from the weekend till Tuesday for the Dragon Boat Festival, traders tried to get a bigger piece of the pre-holiday restocking pie by lowering their prices.

Buyers, on seeing...

Published

Jessica Zong

May 25, 2017

09:24 GMT

Shanghai