CHINA REBAR: Domestic prices flat amid sustained bearishness

China’s domestic rebar prices were unchanged on Wednesday August 7 amid a fluctuating futures market clouded by a lot of pessimism generated by trade tensions between the country and the United States.

Eastern China (Shanghai): 3,770-3,800 yuan ($536-540) per tonne, unchanged
Northern China (Beijing): 3,730-3,760 yuan per tonne, unchanged
Early gains in the futures market led some buyers to raise their procurement rates, but traders kept prices flat in an attempt to generate more sales.

But demand from the construction sector remained subdued,...


Jessica Zong

August 07, 2019

10:30 GMT