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...

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