CHINA REBAR: Domestic prices flat amid recovering futures, high inventories

China’s domestic rebar prices were unchanged on Wednesday March 14, with high inventory levels offsetting the effects of a recovery in the futures market and a pick-up in trading activity.

Domestic Eastern China (Shanghai): 3,790-3,850 yuan ($599-609) per tonne, unchanged Northern China (Beijing): 3,900-3,930 yuan per tonne, unchanged Rebar futures charted a recover in the last 30 minutes of the morning trading session, which stimulated trading activity in the spot market. Traders kept their offers flat to draw down their inventories as much as possible, market sources said. Export Metal Bulletin fob China Rebar Index: $568 per tonne, up $2.46...

Published

Jessica Zong

March 14, 2018

09:18 GMT

Shanghai