China’s spot rebar prices fall further on bearish outlook

China’s spot rebar prices continued to tumble on Tuesday June 6 amid growing pessimism in the spot market.


Key drivers
Traders became bearish about rebar prices upon seeing the sharp increase in the billet market late on Monday. This led them to cut their prices for rebar in an attempt to draw down their inventories before their value drops further.

A gradual rise in the futures...

Published

Jessica Zong

June 06, 2017

09:39 GMT

Shanghai