CHINA REBAR: Increased buying not enough to push prices upward

September 28, 2019 / www.metalbulletin.com / Article Link

China's domestic rebar prices were flat on Friday September 27 despite an active market amid mild changes in the futures segment.

Domestic Eastern China (Shanghai): 3,680-3,700 yuan ($516-519) per tonne, unchangedNorthern China (Beijing): 3,590-3,630 yuan per tonne, unchangedSome end users raised their procurement rates to stock up on materials for consumption during the October 1-7 holiday to commemorate China's 70th National Day, sources said.Despite the improved demand, prices were not pushed upward because sellers were actively destocking, a...

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