CHINA REBAR: Higher inventory pushes down domestic prices

China’s domestic rebar prices decreased further on Thursday December 5 on rising stock in the spot market and weaker demand.

Eastern China (Shanghai): 3,940-3,970 yuan ($559-563) per tonne, down 30 yuan per tonne
Northern China (Beijing): 3,670-3,710 yuan per tonne, down 30 yuan per tonne

Rebar inventory in major spot markets was 2.89 million tonnes on Thursday, up 56,000 tonnes from a week ago, while...

Published

Jessica Zong

December 05, 2019

08:55 GMT

Shanghai