CHINA REBAR: Domestic prices down on bearish outlook

China’s domestic rebar prices dropped on Friday October 11 due to pessimistic sentiment among buyers and inactivity in the market.

Domestic
Eastern China (Shanghai): 3,700-3,730 yuan ($521-525) per tonne, down 20 yuan per tonne 
Northern China (Beijing): 3,570-3,600 yuan per tonne, down 20-30 yuan per tonne
Weak futures have led customers to cut their procurement rates in anticipation of lower prices for spot rebar.

Expectations...

Published

Jessica Zong

October 11, 2019

12:05 GMT

Shanghai