CHINA REBAR: Buyers reject higher offers

China’s domestic rebar prices stopped rising on Thursday October 29 due to lower buying interest in the higher offer prices.

Domestic
Eastern China (Shanghai): 3,730-3,760 yuan ($556-561) per tonne, unchanged
January rebar contracts increased to a high of 3,680 yuan per tonne in the morning October 29, up from the opening price of 3,656 yuan per tonne.

Sellers raised their offers by 10-20 yuan per tonne to...

Published

Jessica Zong

October 29, 2020

08:49 GMT

Shanghai