CHINA REBAR: Prices flat amid inactivity

China’s rebar prices were unchanged in both domestic and export markets on Thursday September 12 amid thin trading.

Eastern China (Shanghai): 3,650-3,680 yuan ($513-517) per tonne, unchanged
Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged
Buyers from the construction sector had stocked up on materials in the past three days, ahead of a public holiday on Friday to mark the Mid-Autumn Festival.
As such, they hardly bought anything on Thursday.

Trading houses also concluded fewer deals during the day due to a narrower arbitrage window between...


Jessica Zong

September 12, 2019

10:32 GMT