CHINA REBAR: Retreating prices in eastern region boost buying interest

September 26, 2019 / www.metalbulletin.com / Article Link

Eastern China's rebar prices retreated on Wednesday September 25, which went on to stimulate trading activity.

Domestic Eastern China (Shanghai): 3,680-3,700 yuan ($517-520) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,590-3,630 yuan per tonne, unchangedSellers in eastern China lowered their prices after two days of increases, which led some end users in the region to raise their procurement rates in response to replenish their inventories.In northern China, both supply and demand were reported to...

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