CHINA REBAR: Prices stop rising on weaker restocking demand

China’s domestic rebar prices held steady on Thursday September 23 after surging a day earlier, with demand among stockists dropping during the day.

Domestic
Eastern China (Shanghai): 5,800-5,840 yuan ($897-903) per tonne, unchanged
Stockists held off from restocking further during the day amid losses in the futures market.
They are not expecting prices to experience much upside in the near term.

One of them said that it would be hard for prices to...

Published

Jessica Zong

September 23, 2021

09:08 GMT

Shanghai