CHINA REBAR: Prices fall as adverse weather slows drawdown in spot inventories

China’s domestic rebar prices continued to decline on Thursday November 26 amid persistent pessimism due to a considerable slowing in the drawdown of spot market inventories.

Eastern China (Shanghai): 4,060-4,090 yuan ($617-621) per tonne, down by 30 yuan per tonne
Rain in eastern China caused demand to weaken and slowed the rate at which spot market inventories were being consumed over the week, market sources said.

Rebar stocks in the spot market totaled 4.50 million tonnes on Thursday, down by...


Jessica Zong

November 26, 2020

10:36 GMT