CHINA REBAR: End-user demand keeps domestic prices from plunging

China's domestic rebar prices decreased slightly on Monday January 11 despite tumbling futures, with a recovery in end-user demand providing some support to the spot market.

Domestic
Eastern China (Shanghai): 4,480-4,500 yuan ($692-695) per tonne, down by 10-20 yuan per tonne
Temperatures in eastern China have risen gradually in the past two days and the weather has been forecast to be mild over the remainder of this week.

This jump-started demand for rebar from the construction sector and kept spot...

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