China's domestic rebar prices increased further on Monday November 18 amid low inventories, though participants were less optimistic about the market due to softening demand.
Eastern China (Shanghai): 3,940-3,970 yuan ($562-566) per tonne, up 70-80 yuan per tonne Northern China (Beijing): 3,720-3,750 yuan per tonne, up 20-30 yuan per tonneLow stock levels in the spot market continued to provide upward momentum for rebar prices, sources said.For instance, the Shanghai spot market had just 139,000 tonnes of rebar last Friday, down 19% from November 1's...