CHINA REBAR: Bad weather dampens end-user demand

China’s domestic rebar prices softened on Monday November 23 on weaker demand caused by adverse weather.

Domestic
Eastern China (Shanghai): 4,180-4,200 yuan ($631-635) per tonne, down by 10-20 yuan per tonne
Rain over various parts of eastern China is affecting construction activity in the region. With wet weather forecast for the remainder of this week, demand will likely remain subdued, sources said.

Contractors slowed down their procurement of rebar as well as lowered their bids during...

Published

Jessica Zong

November 23, 2020

09:47 GMT

Shanghai