CHINA REBAR: Domestic prices flat despite futures gains

China’s domestic rebar prices remained flat on Friday October 12 despite futures moving higher.

Domestic Eastern China (Shanghai): 4,540-4,580 yuan ($656-662) per tonne, unchanged Northern China (Beijing): 4,340-4,370 yuan per tonne, unchanged Higher futures failed to push up spot prices amid high selling interest as stockists actively ran down their inventories due to lack of confidence in the outlook for prices over the coming months. Nevertheless, prices in both northern and eastern China ended the week...

Published

Jessica Zong

October 12, 2018

10:25 GMT

Shanghai