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 typhoon is forecast to bring heavy...

Published

Jessica Zong

September 06, 2019

10:47 GMT

Shanghai