CHINA REBAR: Domestic prices up, but demand weak

China’s domestic rebar prices moved up on Tuesday May 21 following futures gains, but demand was far from strong.

Domestic  Eastern China (Shanghai): 4,040-4,080 yuan ($584-590) per tonne, up 40 yuan per tonne Northern China (Beijing): 3,950-4,000 yuan per tonne, narrowed up 10 yuan per tonne Rebar futures increased steadily during the course of the day, leading to bullish sentiment among spot market sellers, who raised prices. Buyers, however, didn’t show strong demand for the product. End-market demand is likely to decrease from late May as the temperature warms up and...

Published

Jessica Zong

May 21, 2019

09:05 GMT

Shanghai