CHINA REBAR: Demand returns amid steady prices

Sellers in China’s domestic rebar market stopped lowering prices on Tuesday May 25, which led to a pick-up in end-user demand.

Domestic
Eastern China (Shanghai): 4,900-4,920 yuan ($762-765) per tonne, unchanged
The stable prices encouraged contractors in the construction sector to replenish their inventories during the day.
But transacted tonnages were not large because these buyers are not too bullish about rebar prices.

Property...

Published

Jessica Zong

May 25, 2021

09:55 GMT

Shanghai