CHINA REBAR: Domestic prices flat amid retreating futures

China’s domestic rebar prices held steady on Tuesday September 17 amid falling futures and an inactive market.

Domestic Eastern China (Shanghai): 3,720-3,750 yuan ($526-530) per tonne, unchanged Northern China (Beijing): 3,640-3,670 yuan per tonne, unchanged Sellers kept their prices flat to wait for more changes in the futures market, sources said. Market participants did not see a clear trend in the futures market, and as such, refrained from trading actively in the spot market, a trader in Shanghai said. Export Fastmarkets’ steel reinforcing bar (rebar)...

Published

Jessica Zong

September 17, 2019

10:38 GMT

Shanghai