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.

Domestic 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 the region for the next few weeks. Demand...

Published

Jessica Zong

June 26, 2019

11:00 GMT

Shanghai