CHINA REBAR: Growing pessimism pushes prices downward

China’s domestic rebar market maintained its downward trend on Wednesday November 25 amid a pessimistic outlook among participants.

Domestic
Eastern China (Shanghai): 4,090-4,120 yuan ($621-625) per tonne, down by 50-60 yuan per tonne
Persistently bad weather in various parts of the country lowered trading activity during the day. Sources expect this factor to continue to put pressure on end-user demand over the next couple of days.

A trader in Shanghai said his daily sales volumes in the first three days...

Published

Jessica Zong

November 25, 2020

10:11 GMT

Shanghai