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 market and lowered their prices in an...

Published

Jessica Zong

April 16, 2019

10:45 GMT

Shanghai