CHINA REBAR: Domestic trading activity rises on lower prices

August 13, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices dropped on Wednesday August 12 following early hour futures losses, however, demand was stronger than in the past two days, sources said.

Domestic
Eastern China (Shanghai): 3,610-3,640 yuan ($519-524) per tonne, down by 30 yuan per tonne
Buyers raised their procurement rates at lower prices to replenish their rebar inventories.

Construction sites, for example, typically do not have high stocks of rebar but do have steady demand for the product so need to buy more after one or two days of...

Recent News

Gold stocks decline on flat metal and mixed equities

October 07, 2024 / www.canadianminingreport.com

Copper price expected to range from flat to slight gain in 2025

October 07, 2024 / www.canadianminingreport.com

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok