CHINA REBAR: Prices flat amid weakening demand, mild gains in futures market

China’s rebar prices were unchanged on Wednesday June 26 amid softer spot demand and a slight rise in the futures market.

Eastern China (Shanghai): 3,900-3,950 yuan ($567-574) per tonne, unchanged
Northern China (Beijing): 3,770-3,800 yuan per tonne, unchanged
Rebar futures edged up during the day but failed to push up spot prices.
Continual rain in eastern China this week dampened end-user demand, sources said.

Demand is expected to remain subdued, or even soften further, with rain forecast for...


Jessica Zong

June 26, 2019

11:00 GMT