CHINA REBAR: Domestic prices continue their downward trend on softening demand

December 08, 2018 / www.metalbulletin.com / Article Link

China's domestic rebar prices continued to fall on Friday December 7 due to weakening demand.

Domestic Eastern China (Shanghai): 3,860-3,900 yuan ($561-567) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,520-3,550 yuan per tonne, down 40 yuan per tonneThe onset of bad weather caused weak demand for rebar, pushing down prices, traders said.Meanwhile, rebar futures were lower than Thursday's settlement price of 3,412 yuan per tonne...

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