SHFE’s most-traded May 2021 rebar contract lost Yuan 113/tonne ($17.5/t) from the settlement price of January 8 when closing the daytime trading session on January 15 at Yuan 4,360/t, still within the wide range of Yuan 4,250-4,600/t since late December.
“The supply-demand fundamentals has changed with actual demand weakening, and traders’
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