CHINA REBAR: Prices down on oversupply outlook

China’s domestic rebar prices decreased on Tuesday December 3 amid bearish expectations for weakening demand but high output over the next two months.

Eastern China (Shanghai): 3,990-4,020 yuan ($566-571) per tonne, down 20 yuan per tonne
Northern China (Beijing): 3,720-3,750 yuan per tonne, down 40 yuan per tonne
 
December and January are seasonally weak months for rebar demand in most parts of China as construction activity - particularly in the north of the country - is curtailed due to poor weather conditions. 

Rebar...

Published

Jessica Zong

December 03, 2019

09:25 GMT

Shanghai