DAILY: China's rebar price decline continues, sales retreat again

China's rebar prices in both spot and futures markets experienced a further pullback on December 9, while spot transactions of construction steel products, including rebar, also shrank on the same day.

In the spot market, the national price of HRB400E 20mm dia rebar extended its losing streak by another fall of Yuan 14/tonne ($2/t) on day to sit at Yuan 3,293/t including the 13% VAT on Tuesday, according to Mysteel's assessment. In the derivatives market, futures prices of major ferrous commodities lost further ground yesterday, with the