Chinese rebar prices slide below $800/t after futures fall to lower limit

November 03, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices fell below $800 per tonne on Tuesday November 2 after the most-traded January futures contract on the Shanghai Futures Exchange fell to its lower limit for the day.

Domestic
Eastern China (Shanghai): 5,080-5,110 yuan ($794-799) per tonne, down by 40 yuan per tonne
Rebar futures tracked the movements of the January iron ore futures contract on the Dalian Commodity Exchange, which fell to its lower limit in the morning.

The SHFE's January...

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