China's domestic rebar prices drop amid weaker demand

Domestic rebar prices in China dropped on Tuesday December 21, due to weaker demand from end users and a decline in the futures market.

Domestic
Eastern China (Shanghai): 4,830-4,860 yuan ($758-763) per tonne, down by 30 yuan per tonne
This week, housing project contractors are gradually reducing procurement rates of rebar and are focusing on year-end settlements instead, sources said.

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Published

Jessica Zong

December 21, 2021

08:29 GMT

Shanghai