CHINA REBAR: Domestic prices continue their downward trend on softening demand

China’s domestic rebar prices continued to fall on Friday December 7 due to weakening demand.

Domestic Eastern China (Shanghai): 3,860-3,900 yuan ($561-567) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,520-3,550 yuan per tonne, down 40 yuan per tonne The onset of bad weather caused weak demand for rebar, pushing down prices, traders said. Meanwhile, rebar futures were lower than Thursday’s settlement price of 3,412 yuan per tonne...

Published

Jessica Zong

December 07, 2018

08:40 GMT

Shanghai