China's rebar prices stop falling on restocking demand

November 19, 2021 / www.metalbulletin.com / Article Link

Restocking demand kept China's domestic rebar prices from falling further on Thursday November 18.

Domestic
Eastern China (Shanghai): 4,660-4,690 yuan ($731-735) per tonne, unchanged
Several trading companies raised their procurement rates during the day to build up their inventories, market sources said.

After weeks of destocking, traders do not have a lot...

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