CHINA REBAR: Domestic prices flat amid stable trading

China’s domestic rebar prices were flat on Monday May 28 on stable trading activity.

Eastern China (Shanghai): 3,830-3,880 yuan ($599-607) per tonne, unchanged
Northern China (Beijing): 3,850-3,870 yuan per tonne, unchanged
Buyers booked rebar actively in the morning due to the high futures prices in the first hour of trading.
But their procurement rates fell in the afternoon after futures retreated.

Overall, the sales volume during the day was similar to...


Jessica Zong

May 28, 2018

11:46 GMT