CHINA REBAR: Falling futures push down prices in eastern region

Domestic rebar prices in eastern China continued to fall on Wednesday October 16 amid declining futures.

Domestic
Eastern China (Shanghai): 3,630-3,660 yuan ($513-517) per tonne, down 40 yuan per tonne
Northern China (Beijing): 3,570-3,600 yuan per tonne, unchanged
Looser steelmaking restrictions for the autumn-winter period have led market participants to expect a higher supply of rebar over the next few months compared with the corresponding period of last year.

In terms of demand, winter is also...

Published

Jessica Zong

October 16, 2019

10:49 GMT

Shanghai