CHINA REBAR: Domestic prices withdraw again on weak demand

China’s domestic rebar prices retreated on Thursday June 6 on softer demand amid losses in the futures market.

Domestic Eastern China (Shanghai): 3,890-3,930 yuan ($563-569) per tonne, down 30 yuan per tonne Northern China (Beijing): 3,840-3,890 yuan per tonne, down 10 yuan per tonne Stockists cut their prices to secure more sales ahead of the long weekend, with China observing a public holiday on Friday to mark the Dragon Boat Festival. But buyers kept their procurement rates...

Published

Jessica Zong

June 06, 2019

11:02 GMT

Shanghai