CHINA REBAR: Prices in eastern China continue downward spiral on weak demand

Domestic rebar prices in eastern China continued to trend downward on Thursday October 17 amid weakening end-user demand.

Domestic
Eastern China (Shanghai): 3,620-3,640 yuan ($510-513) per tonne, down 10-20 yuan per tonne
Northern China (Beijing): 3,570-3,600 yuan per tonne, unchanged
Trading houses in eastern China were actively selling rebar on expectations that supply in the region would increase in the next month or two.

This is due to a seasonal weakening of demand during...

Published

Paul Lim

October 17, 2019

11:37 GMT

Singapore