CHINA REBAR: End-user demand expected to recover by end-February

February 06, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices were unchanged on Friday February 5 with demand dropping to near zero, but market participants expect construction sites will resume work soon after the Chinese New Year holidays (February 11-17).

Domestic
Eastern China (Shanghai): 4,280-4,300 yuan ($662-665) per tonne, unchanged
Northern China (Beijing) weekly assessment: 4,110-4,160 yuan per tonne, unchanged

Losses earlier in the week resulted in rebar prices in eastern China ending the week down by 10 yuan per tonne at the top end of the range compared with a week ago, though sellers kept their prices largely steady for the rest of...

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