CHINA REBAR: Prices drop amid inactivity

China’s rebar prices moved down in both the domestic and export markets on Friday December 13 amid inactivity.

Eastern China (Shanghai): 3,870-3,900 yuan ($555-559) per tonne, down 30 yuan per tonne
Northern China (Beijing): 3,570-3,590 yuan per tonne, down 10 yuan per tonne
Stockists with a lot of inventory lowered their offers to stimulate sales in anticipation of prices falling even further.

But bearish sentiment in the market slowed down buyers’ procurement...


Jessica Zong

December 13, 2019

09:11 GMT