CHINA REBAR: Weekend restocking keeps prices supported

China’s domestic rebar prices were stable on Friday August 23, with some restocking being done ahead of the weekend keeping the market supported.

Eastern China (Shanghai): 3,660-3,690 yuan ($516-521) per tonne, unchanged
Northern China (Beijing): 3,600-3,630 yuan per tonne, unchanged
Traders kept their prices flat despite gains in the figures market in an effort to secure more sales before the end of the work week.

Buyers raised their procurement rates during the day, though demand from the construction sector remained weak,...


Jessica Zong

August 23, 2019

10:45 GMT