CHINA REBAR: Domestic prices fall amid active destocking

China’s domestic rebar prices moved down on Tuesday October 8 on heightened selling interest and weak futures on the first working day after the country’s Golden Week.

Eastern China (Shanghai): 3,740-3,780 yuan ($525-530) per tonne, down 20-30 yuan per tonne
Northern China (Beijing): 3,590-3,630 yuan per tonne, down 10 yuan per tonne

Stockists who built up their inventories late in September were actively destocking by cutting their prices upon seeing the futures market weaken, sources...


Jessica Zong

October 08, 2019

10:30 GMT