05
Mar
10:17
Declining Chinese rebar prices trigger demand release
China's rebar prices have turned downwards, but underlying demand has responded to the lower prices, supporting the market, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,490-4,520/tonne ($692-697/t), down by CNY 10/t from a week before. On the Shanghai Futures Exchange the rebar contract for May 2021 closed at CNY 4,696/t. This was CNY 153/t lower compared with Thursday but CNY 19/t higher than the prev…
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Anonymous
Very good overview of the weekly steel market.
Anonymous