CHINA REBAR: Prices down on weak demand, futures losses

China’s rebar prices fell in both the domestic and export markets on Monday March 19 amid declining futures and weak demand.

Eastern China (Shanghai): 3,730-3,800 yuan ($589-600) per tonne, down 50-60 yuan per tonne
Northern China (Beijing): 3,870-3,900 yuan per tonne, down 30 yuan per tonne
Rebar futures fell sharply in the first few minutes of trading, which led to a deterioration of sentiment in the spot market.

Demand also remained soft over the weekend due to bad weather in both the eastern and northern region,...


Jessica Zong

March 19, 2018

10:10 GMT