CHINA REBAR: Destockingpushes down domestic prices further

December 05, 2019 / www.metalbulletin.com / Article Link

China's domestic rebar prices kept their downward trend on Wednesday December 4 as traders unloaded inventory.

Eastern China (Shanghai): 3,970-4,000 yuan ($562-566) per tonne, down 20 yuan per tonne
 Northern China (Beijing): 3,700-3,740 yuan per tonne, down 10-20 yuan per tonne

Rising spot market inventory caused by weaker demand and high output led trading houses to urgently destock, which pushed down rebar prices.
...

Recent News

Gold stocks decline as metal drop offsets equity risk on

May 06, 2024 / www.canadianminingreport.com

Canadian mining equity capital raising robust in 2023, early 2024

May 06, 2024 / www.canadianminingreport.com

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com

Copper price forecast swinging significantly on shifting outlook

April 29, 2024 / www.canadianminingreport.com

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok