CHINA REBAR: Eastern prices stop rising on destocking need

Eastern China rebar prices lost upward momentum on Friday October 15 due to sellers' need to reduce inventories.

Domestic
Eastern China (Shanghai): 5,770-5,800 yuan ($896-901) per tonne, unchanged
Northern China (Beijing) weekly assessment: 5,600-5,650 yuan per tonne, down by 200 yuan per tonne

Sellers expect prices will have little chance to rise in the remaining days of October, so...

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