Falling rebar prices in China halted by sudden pick-up in trading activity

The downward trend in China's domestic rebar prices was halted by a rise in trading activity on Tuesday November 16, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 4,700-4,730 yuan ($737-742) per tonne, unchanged
Buyers raised procurement rates on Tuesday morning in response to futures gains, which halted the decline in spot market prices, sources said.

The most-traded January rebar futures contract on the Shanghai Futures Exchange reached a high of 4,285 yuan per...

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