CHINA REBAR: Favorable weather improves end-user demand

Rebar demand in China’s domestic market strengthened on Tuesday October 26 amid good weather, though prices were unchanged with sellers coming under destocking pressure.

Eastern China (Shanghai): 5,350-5,400 yuan ($838-846) per tonne, unchanged
Rebar consumption rates among end users strengthened during the day with most parts of China experiencing mild weather conditions. This improved demand as well.

A trader in Shanghai said...


Jessica Zong

October 26, 2021

08:58 GMT