CHINA REBAR: Spot trading dips on retreating securities companies

Eastern China’s rebar prices were largely steady on Tuesday July 9 while those in the north dipped, with a withdrawal of securities traders from the spot market resulting in a thinning of trading activity.

Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($578-581) per tonne, narrowing upward by 10 yuan per tonne Northern China (Beijing): 3,880-3,910 yuan per tonne, down 20-30 yuan per tonne Despite some gains in the futures market, there were no clear price trends during the day, with most spot deals involving end users. A Shanghai-based trader said that most securities companies considered spot materials too costly now. As...

Published

Jessica Zong

Miranda Song

July 09, 2019

11:23 GMT

Shanghai