CHINA REBAR: Market quiet as more participants exit market ahead of Chinese New Year

January 11, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices edged down on Friday January 10 due to weakening demand as more participants prepared to exit the market ahead of the week-long Chinese New Year holiday later this month.

Eastern China (Shanghai): 3,670-3,700 yuan ($530-534) per tonne, down 10 yuan per tonne 
Northern China (Beijing): 3,540-3,560 yuan per tonne, narrowed downward by 10 yuan per tonne

A number of trading houses said they did not plan to replenish inventories before...

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