CHINA REBAR: Sellers cut prices to stimulate sales

China’s rebar prices dipped on Friday July 19 after selling pressure picked up in the market.

Domestic Eastern China (Shanghai): 3,960-3,990 yuan ($576-580) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,880-3,920 yuan per tonne, down 10-20 yuan per tonne Sellers lowered their prices during the day in an attempt to secure more orders ahead of the weekend, sources said. A trader in Shanghai said a few of his customers booked more rebar after...

Published

Jessica Zong

July 19, 2019

11:36 GMT

Shanghai