CHINA REBAR: Domestic prices plunge by $15 per tonne

China’s domestic rebar prices fell sharply on Tuesday January 12 on destocking pressure and falling futures.

Eastern China (Shanghai): 4,380-4,400 yuan ($676-679) per tonne, down by 100 yuan per tonne
Rebar futures fell during the night trading session on Monday, resulting in bearish sentiment in the spot market on Tuesday morning.

Sellers cut prices to stimulate sales, but buyers withdrew from the market on seeing...


Jessica Zong

January 12, 2021

10:27 GMT