CHINA REBAR: Prices fall on weakening restocking demand

August 27, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices decreased on Thursday August 26 due to weaker restocking demand among trading companies, though end users' buying appetite remained steady.

Domestic
Eastern China (Shanghai): 5,150-5,180 yuan ($794-799) per tonne, down by 50 yuan per tonne

Trading houses have almost completed their restocking for sale in the first half month of September, a trader in Shanghai said. As such, they stopped...

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