CHINA REBAR: Weak demand sends inventory levels higher

China’s domestic rebar prices continued to trend downward on Thursday January 7 amid rising stock levels in the spot market.

Domestic
Eastern China (Shanghai): 4,460-4,490 yuan ($690-695) per tonne, down by 30 yuan per tonne
Weakening demand has resulted in rebar stock in the spot market rising for a second week, market sources said.

An industry analyst quoted a local industry information provider’s report as saying that the Chinese spot market had...

Published

Jessica Zong

January 07, 2021

10:02 GMT

Shanghai