CHINA REBAR: Prices tumble amid sparse trading

China’s rebar prices plunged on Thursday December 7 amid sparse trading as a result of tumbling futures.

Domestic Eastern China (Shanghai): 4,730-4,800 yuan ($715-725) per tonne, down 150-170 yuan per tonne Northern China (Beijing): 4,380-4,420 yuan per tonne, down 100 yuan per tonne Demand has remained weak for several days, which is weighing on rebar prices. A continual downward spiral in the futures market added to the pressure on the spot market, keeping trading...

Published

Jessica Zong

December 07, 2017

09:53 GMT

Shanghai