CHINA REBAR: Bearish sentiment emerges after domestic prices dive

December 24, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices experienced a sharp retreat on Wednesday December 23 after several days of sharp increases, amid falling futures and weaker demand.

Domestic
Eastern China (Shanghai): 4,460-4,480 yuan ($681-685) per tonne, down by 220 yuan per tonne

The sharp price increases over the first two days of this week kept demand at a minimum, which led sellers under pressure to destock to slash their prices amid...

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