CHINA REBAR: High inventories add to downward pressure on prices [CORRECTED]

China's domestic rebar prices dropped slightly on Monday October 26 on high, but declining, inventories.

Domestic
Eastern China (Shanghai): 3,700-3,730 yuan ($554-558) per tonne, down by 10 yuan per tonne

China Iron & Steel Association reported that rebar stock in China's major markets was about 6.33 million tonnes in mid-October, down by 6.2% from earlier in the month but till 30% higher than the 4.88 million tonnes in the same...

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue