CHINA REBAR: Domestic prices retreat on falling demand

China’s domestic rebar prices dipped on Tuesday October 13 due to a drop in demand amid a weakening of the futures market.

Domestic
Eastern China (Shanghai): 3,710-3,740 yuan ($551-555) per tonne, down by 10 yuan per tonne
Buyers cut their procurement rates during the day, having done some replenishment over last Friday and Monday.
A trader said his customers were planning to wait out the spot market for lower prices due to a weakening of rebar futures.

But a few other market participants said they were...

Published

Jessica Zong

October 13, 2020

10:35 GMT

Shanghai