CHINA REBAR: Rising inventories slow down pace of price increases

China’s domestic rebar prices continued to rise on Thursday July 9, albeit with less upward momentum due to high inventory levels in the market.

Eastern China (Shanghai): 3,570-3,600 yuan ($509-513) per tonne, up by 10 yuan per tonne
Spot market inventory levels totaled 8.17 million tonnes on Thursday, up by 200,000 tonnes from a week ago, according to a local industry information provider.

The increase put some downward pressure on prices, which resulted in them...


Jessica Zong

July 09, 2020

10:27 GMT