CHINA REBAR: Domestic prices fall amid rising selling interest

China’s domestic rebar prices dropped on Wednesday September 11 after selling interest picked up ahead of a three-day weekend.

Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($513-517) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,620-3,650 yuan per tonne, narrowed downward by 10 yuan per tonne Traders lowered prices to move more cargoes ahead of a public holiday on Friday to mark the Mid-Autumn Festival. Some buyers stocked up on materials, though most held back from purchases due to a largely flat futures market, sources...

Published

Jessica Zong

September 11, 2019

11:10 GMT

Shanghai