CHINA REBAR: Domestic prices fall further amid sparse trading

China’s domestic rebar prices further moved downwards amid sparse trading on Friday October 27 amid losses in the futures market.

Domestic
Eastern China (Shanghai): 3,830-3,900 yuan ($577-588) per tonne, down 50-80 yuan per tonne
Northern China (Beijing): 3,730-3,750 yuan per tonne, down 30 yuan per tonne
The large gap of around 300 yuan per tonne between futures prices and those in east China have resulted in anticipation for lower spot prices.

Meanwhile,...

Published

Jessica Zong

October 27, 2017

12:01 GMT

Shanghai