CHINA REBAR: Prices flat on pre-holiday lull

China’s rebar prices were unchanged on Friday February 1 with both the domestic and export markets at a virtual standstill due to next week’s Chinese New Year holiday.

Domestic Eastern China (Shanghai): 3,710-3,750 yuan ($553-559) per tonne, unchanged Northern China (Beijing): 3,700-3,740 yuan per tonne, unchanged Very few sellers were still offering materials during the day, and only transactions involving small quantities were concluded. Futures rose in the last hour of trading, but failed to push up spot rebar prices due...

Published

Jessica Zong

February 01, 2019

09:25 GMT

Shanghai