CHINA REBAR: Spot prices mixed amid declining futures

China’s domestic rebar market participants had mixed reactions toward futures losses on Tuesday April 16.

Domestic
Eastern China (Shanghai): 4,050-4,130 yuan ($604-616) per tonne, widened by 10-20 yuan per tonne on both ends
Northern China (Beijing): 4,040-4,060 yuan per tonne, up 30-40 yuan per tonne
Rebar futures fell during the day, market participants responded to it differently. Some of them continued to make small price increases amid their positive outlook.

Others took the cue from the futures...

Published

Jessica Zong

April 16, 2019

10:45 GMT

Shanghai