CHINA REBAR: Recovering demand halts price decline

The decline in China’s domestic rebar prices came to a halt on Monday April 19 amid a recovery in demand from end users in the construction sector, but losses in the futures market resulted in generally weak restocking demand.

Domestic
Eastern China (Shanghai): 5,000-5,030 yuan ($767-771) per tonne, unchanged
End users raised procurement rates over the weekend after prices stabilized and because their inventories were low, market sources said.
Increased demand from construction sites prevented rebar prices from dropping further.

Trading houses, however,...

Published

Jessica Zong

April 19, 2021

09:23 GMT

Shanghai