CHINA REBAR: Steady demand, inventory drop push up domestic prices

China’s domestic rebar prices recovered some losses on Thursday October 22 on good demand and a drop in inventory levels.

Domestic
Eastern China (Shanghai): 3,710-3,740 yuan ($557-562) per tonne, up by 10 yuan per tonne
End users purchased cargoes at a steady pace in the past four days of this week, which drew down inventory levels.

China’s spot rebar market had 7.3 million tonnes of the product on Thursday, down by 472,000 tonnes from a weekly earlier. Mills’ stock levels have also fallen by...

Published

Jessica Zong

October 22, 2020

10:06 GMT

Shanghai