CHINA REBAR: Prices fall further on softer demand

China’s rebar market maintained its downward trend on Tuesday June 18 amid weakening demand.

Domestic Eastern China (Shanghai): 3,790-3,840 yuan ($547-554) per tonne, down 10-30 yuan per tonne Northern China (Beijing): 3,650-3,700 yuan per tonne, down 30 yuan per tonne Rain in both Shanghai and Beijing capped trading activity during the day. Market participants expect demand to weaken in the next few weeks due to rising temperatures with the onset of summer. Most parts of eastern China have entered their rainy season, which would dampen demand...

Published

Jessica Zong

June 18, 2019

10:35 GMT

Shanghai