CHINA REBAR: Domestic prices edge up amid shortlived gains in futures market

China’s domestic rebar prices picked up some strength on Tuesday July 16 on early gains in the futures market, but the export segment continued to soften on weak demand.

Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-582) per tonne, widened upward by 10 yuan per tonne Northern China (Beijing): 3,890-3,920 yuan per tonne, up 20 yuan per tonne Traders raised prices during the day in response to early gains in the futures market and Monday’s active market. But buyers took a wait-and-see approach because rebar futures fell shortly after the...

Published

Jessica Zong

July 16, 2019

10:35 GMT

Shanghai