Eastern China (Shanghai): 3,580-3,610 yuan ($506-510) per tonne, unchanged
Northern China (Beijing): 3,550-3,590 yuan per tonne, unchanged
October’s mild weather makes it a seasonally strong month for the rebar market when it comes to demand. The return of buying activity, particularly after a week-long holiday at the start of the month, kept prices from falling during the day.
The downtrend in the futures market persisted amid a bearish outlook for rebar...