CHINA REBAR: Prices stop rising on drop in demand

The upward trend in China's domestic rebar prices came to an end on Friday September 17, mainly due to a drop in demand for replenishment stocks, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 5,580-5,620 yuan ($865-871) per tonne, unchanged
Northern China (Beijing) weekly assessment: 5,300-5,340 yuan per tonne, up by 50-60 yuan per tonne

End-user demand in eastern China was stable on Friday, in good weather, but stockists reduced their procurement rates after a...

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