CHINA REBAR: Domestic prices fall as futures weaken further

China’s domestic prices for rebar fell on Thursday December 14 amid sparse trading resulting from losses in the futures market.

Domestic Eastern China (Shanghai): 4,780-4,830 yuan ($722-730) per tonne, down 20-50 yuan per tonne Northern China (Beijing): 4,450-4,500 yuan per tonne, down 40-50 yuan per tonne The weakening futures market weighed on spot market prices and resulted in low buying interest. Market participants expect prices to fall further with demand due to soften toward the end of...

Published

Jessica Zong

December 14, 2017

10:55 GMT

Shanghai