CHINA REBAR: Domestic prices flat amid lower futures, stable billet

China’s domestic prices for rebar were unchanged on Wednesday December 13 amid a weakening futures market, though that for billet gained some stability.

Domestic Eastern China (Shanghai): 4,800-4,880 yuan ($725-737) per tonne, unchanged Northern China (Beijing): 4,500-4,540 yuan per tonne, unchanged Most buyers were stayed away from the spot market on seeing the weakened futures during the day. But sellers refused to lower their offers since the price of billet remained high. Only a few...

Published

Jessica Zong

December 13, 2017

10:03 GMT

Shanghai