CHINA REBAR: Typhoon weakens demand, weighs on prices

China’s domestic rebar prices retreated on Friday September 6 due to weaker demand caused by a typhoon on the country’s eastern coast.

Domestic
Eastern China (Shanghai): 3,620-3,650 yuan ($504-508) per tonne, down 30 yuan per tonne
Northern China (Beijing): 3,630-3,660 yuan per tonne, widening downward by 10 per tonne
Eastern and Southern China experienced heavy rain during the day as a result of Typhoon Lingling making its way northward from the East China Sea to the Yellow Sea.

The...

Published

Jessica Zong

September 06, 2019

10:47 GMT

Shanghai