CHINA REBAR: Domestic prices tumble amid destocking pressure

China’s domestic rebar prices continued maintained their downward trend on Friday September 20 amid high selling interest.

Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($511-515) per tonne, down 50 yuan per tonne Northern China (Beijing): 3,560-3,600 yuan per tonne, down 20 yuan per tonne Stockists were actively selling rebar to draw down their inventories on expectations of higher production rates over the next few months. The selling pressure weighed on rebar prices, sources said. Rebar prices in eastern China are down 30 yuan...

Published

Jessica Zong

September 20, 2019

11:20 GMT

Shanghai