CHINA REBAR: Adverse weather weakens demand, prices
May 20, 2021 / www.metalbulletin.com / Article Link
China's domestic rebar prices fell rapidly on Wednesday May 19 on softer demand as a result of rain.
Domestic Eastern China (Shanghai): 5,370-5,400 yuan ($836-840) per tonne, down by 180 yuan per tonne Heavy rain in many parts of eastern and southern China during the day affected both construction activity and transportation.
With wet weather forecast to continue over the next day days, market participants are expecting end-user demand to...