CHINA REBAR: Warmer weather weighs on domestic rebar demand and prices

China’s domestic prices lost their upward momentum on Thursday May 23 on weakening demand as futures lost ground and warming weather gets set to impact work at construction sites.

Domestic  Eastern China (Shanghai): 4,040-4,080 yuan ($585-591) per tonne, down 20-30 yuan per tonne Northern China (Beijing): 3,950-4,000 yuan per tonne, down 20 yuan per tonne Rebar demand has dropped as temperatures have increased in many regions and started to impact construction demand, market sources said. "Higher temperatures in major cities in eastern and northern China will cause shorter working...

Published

Jessica Zong

May 23, 2019

08:49 GMT

Shanghai