CHINA REBAR: Prices retreat on weaker demand

China’s domestic rebar prices dropped slightly on Wednesday on April 7 on weakening demand and futures losses.

Domestic
Eastern China (Shanghai): 5,030-5,070 yuan ($769-775) per tonne, down by 20 yuan per tonne
Buyers slowed down procurement activities after prices reached a year-to-date high on Tuesday and then asked for lower prices on Wednesday.

Sellers concluding deals at 5,030-5,070 yuan are still making a good profit because the rebar in...

Published

Jessica Zong

April 07, 2021

11:00 GMT

Shanghai

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