CHINA REBAR: Domestic market softens, export prices up

China’s domestic rebar prices dropped on Friday January 11 amid inactivity, though an improved outlook for the export market among mills has led to higher numbers in that segment.

Domestic Eastern China (Shanghai): 3,710-3,750 yuan ($546-552) per tonne, down 30-40 yuan per tonne Northern China (Beijing): 3,640-3,680 yuan per tonne, down 10 yuan per tonne Lower temperatures in northern China and rain in the eastern region resulted in a gradual drop in end-user demand over the past 10 days, which puts pressure on prices. Early losses in the futures market during the day led to traders lowering their offers in the morning. They maintained...

Published

Jessica Zong

January 11, 2019

09:40 GMT

Shanghai