DAILY: China's spot rebar prices retreat, trading improves

China's spot rebar prices resumed the downtrend again on October 21 after posting small gains in the previous two working days, while trading activity for the long steel item in the physical market continued to pick up, Mysteel Global learned.

On Tuesday, the national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 3,212/tonne ($451/t) including the 13% VAT, down by Yuan 5/t on day, as compared to the prior day's slight gain of Yuan 2/t. The same day, the commodity's prices in the derivatives market also lost ground,