China’s spot rebar prices edge up again, but demand drops

China’s spot rebar prices edged up further on Friday March 31, but trading activity wound down ahead of a long weekend.

Key drivers
In the morning, futures rose to levels above Thursday’s settlement and closing prices, which encouraged sellers in the spot market to raise their prices slightly.

However, buyers suspended procurement again as the futures market started to trend downwards. Furthermore, with the country...


Jessica Zong

March 31, 2017

10:30 GMT