China's domestic prices for rebar lost their upward momentum on Wednesday November 11 on falling demand among stockists, though that from end users remained good and steady.
Domestic
Eastern China (Shanghai): 4,060-4,090 yuan ($614-618) per tonne, unchanged
Trading activity has fallen in the futures market - the January rebar contract on the Shanghai Futures Exchange logged just 5.61 million tonnes worth of transactions during the day, down by 4.61 million tonnes (45%) from 10.22 million tonnes on Monday when prices surged.
The...