CHINA REBAR: Prices down despite futures gains

China’s rebar prices continued decreasing in both the domestic and export markets on Wednesday December 5 due to bearish sentiment although the futures market was strong.

Domestic Eastern China (Shanghai): 3,900-3,940 yuan ($570-576) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,600-3,620 yuan per tonne, narrowed down 10 yuan per tonne The futures market picked up today, but spot market participants were still pessimistic on demand and prices. End-market demand should gradually decrease in the coming two months due to bad...

Published

Jessica Zong

December 05, 2018

09:30 GMT

Shanghai