CHINA REBAR: Sales pressure rises amid growing pessimism

Domestic prices for rebar in eastern China dipped on Monday May 13 amid high selling interest among stockists.

Domestic Eastern China (Shanghai): 4,040-4,080 yuan ($592-597) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,910-3,960 yuan per tonne, unchanged Sellers in eastern China lowered their prices slightly to secure more sales in an effort to destock. Many stockists are worried that prices might fall further, resulting in them drawing down their inventories, a trader in Shanghai said. Sellers in northern China kept their prices flat,...

Published

Jessica Zong

May 13, 2019

10:43 GMT

Shanghai