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.

Prices:

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...

Published

Jessica Zong

December 29, 2016

07:34 GMT

Shanghai