CHINA REBAR: Eastern prices stop rising on destocking need

Eastern China rebar prices lost upward momentum on Friday October 15 due to sellers’ need to reduce inventories.

Domestic
Eastern China (Shanghai): 5,770-5,800 yuan ($896-901) per tonne, unchanged
Northern China (Beijing) weekly assessment: 5,600-5,650 yuan per tonne, down by 200 yuan per tonne

Sellers expect prices will have little chance to rise in the remaining days of October, so...

Published

Jessica Zong

October 15, 2021

10:04 GMT

Shanghai