CHINA REBAR: Prices retreat again amid pessimism

China’s domestic rebar prices withdrew on Wednesday June 12 on lower list prices and declining futures.

Domestic Eastern China (Shanghai): 3,880-3,920 yuan ($561-567) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,790-3,840 yuan per tonne, down 10-20 yuan per tonne A few major rebar producers lowered their ex-works prices over the past two days, which put pressure on the spot market, sources said. For instance, Shagang in eastern China cut its rebar price by 180 yuan per tonne, leaving it...

Published

Jessica Zong

June 12, 2019

11:24 GMT

Shanghai