DAILY: China's rebar market edges down further

China's rebar prices in both spot and futures markets edged down further on October 14, while spot trading volume of construction steel items including rebar also saw a marked retreat the same day amid sluggish trading sentiment.

On Wednesday, Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,324/tonne ($496.6/t) including the 13% VAT, falling for the second day by Yuan 2/t on day. In the derivatives market, major ferrous commodities fell across the board, led by the Dalian Commodity Exchange's main futures contracts of coking