CHINA REBAR: Demand picks up ahead of weekend

Domestic demand for rebar in China increased on Friday May 15, but prices remained unchanged with sellers being under pressure to destock.

Domestic
Eastern China (Shanghai): 3,460-3,490 yuan ($487-492) per tonne, unchanged
Northern China (Beijing) - weekly assessment: 3,420-3,460 yuan per tonne, down by 30-40 yuan per tonne
End users raised their procurement rates ahead of the weekend, but the heightened buying activity failed to raise rebar prices.

This is due to many stockists having a lot of inventory that...

Published

Jessica Zong

May 15, 2020

10:52 GMT

Shanghai