China’s spot rebar prices fall in tandem with futures

China’s spot rebar prices dropped sharply on Thursday December 29 following falls on the futures market.


Key drivers
Futures were weak during the day, dropping to as low as 2,900 yuan ($417) per tonne. With market sentiment bearish, spot trading activity was thin.

Expecting lower prices in January, contractors from construction sites adopted a wait-and-see...


Jessica Zong

December 29, 2016

07:34 GMT