CHINA REBAR: Tumbling futures send prices falling

China’s domestic rebar prices dropped on Wednesday December 6 amid sparse trading after the futures market tumbled.

Domestic Eastern China (Shanghai): 4,900-4,950 yuan ($740-748) per tonne, down 30-40 yuan per tonne Northern China (Beijing): 4,480-4,520 yuan per tonne, down 70-80 yuan per tonne The sharp decrease in the futures market sparked bearish sentiment, which weighed on prices in the spot market. Meanwhile, the price of billet is also weakening, which could...

Published

Jessica Zong

December 06, 2017

10:04 GMT

Shanghai