China rebar sellers cut prices to destock ahead of year's end

China’s rebar sellers reduced their offer prices on Thursday December 9, to encourage higher sales after a further decline in the futures market, sources told Fastmarkets.

Eastern China (Shanghai): 4,760-4,800 yuan ($750-756) per tonne, down by 30-40 yuan per tonne
Rebar futures continued to fall on Thursday, putting pressure on spot prices.

Buyers have been quiet over the past two days, so sellers...


Jessica Zong

December 09, 2021

08:22 GMT