CHINA REBAR: Domestic prices dip on declining futures

China’s domestic rebar prices decreased slightly on Friday April 12 amid retreating futures.

Domestic
Eastern China (Shanghai): 4,020-4,070 yuan ($598-606) per tonne, down 10 yuan per tonne
Northern China (Beijing): 3,960-4,000 yuan per tonne, down 10 yuan per tonne
Rebar futures ended their continual rally since March 29, and dropped slightly during the day, which led to sentiment in the spot market deteriorating.

Buyers submitted lower bids during the day,...

Published

Jessica Zong

April 12, 2019

11:10 GMT

Shanghai