CHINA REBAR: Weak demand in eastern region weighs on prices

Eastern China’s rebar prices dropped on Tuesday October 15 due to subdued demand and weakening futures, while those in the north held steady.

Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($519-523) per tonne, down 30 yuan per tonne Northern China (Beijing): 3,570-3,600 yuan per tonne, unchanged Some traders stopped restocking due to narrowing margins. This, coupled with weak futures, weighed on rebar prices in eastern China. Demand in northern China was reported to be steady, which kept prices stable, according to sources. Export Fastmarkets’ steel reinforcing...

Published

Jessica Zong

October 15, 2019

11:05 GMT

Shanghai