CHINA REBAR: Destocking demand causes downward pressure on prices

China’s domestic rebar prices continued to fall on Wednesday June 16 due to sellers looking to destock.

Eastern China (Shanghai): 4,980-5,010 yuan ($778-783) per tonne, down by 70 yuan per tonne.

Fear of further drops in end-user demand and the decline in futures prices have strengthened sellers’ desire to run down...


Jessica Zong

June 16, 2021

11:48 GMT