CHINA REBAR: Destocking demand causes downward pressure on prices

June 17, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices continued to fall on Wednesday June 16 due to sellers looking to destock.

Domestic
Eastern China (Shanghai): 4,980-5,010 yuan ($778-783) per tonne, down by 70 yuan per tonne.

Fear of further drops in end-user demand and the decline in futures prices have strengthened sellers' desire to run down...

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok