China's domestic rebar prices slide further on impending real estate tax

China’s domestic rebar prices dipped for another day on Wednesday December 29 on a deterioration of sentiment in the downstream housing industry.

Domestic
Eastern China (Shanghai): 4,720-4,750 yuan ($741-746) per tonne, down by 10 yuan per tonne

Following a finance ministry meeting earlier this week, in which it said preparations were being made for the pilot of a real estate tax, pessimism has been growing day by day in the housing market as...

Published

Jessica Zong

December 29, 2021

09:15 GMT

Shanghai