CHINA REBAR: Yuan’s depreciation drags export price lower

China’s rebar export prices decreased on Monday May 20 on the depreciation of the yuan, while domestic prices moved down on softer demand.

Eastern China (Shanghai): 4,000-4,040 yuan ($578-584) per tonne, down 20-30 yuan per tonne
Northern China (Beijing): 3,940-4,000 yuan per tonne, down 20 yuan per tonne
Rebar futures fluctuated wildly over the day, which pushed down buying interest.

Customers preferred to wait for a clearer price trend to emerge before booking, market sources...


Jessica Zong

May 20, 2019

10:15 GMT