CHINA REBAR: Prices steady amid inactivity

China’s rebar prices were unchanged on Friday November 1 in both the domestic and export markets amid inactive trading.

Eastern China (Shanghai): 3,670-3,700 yuan ($521-525) per tonne, unchanged
Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged
Buyers stopped replenishing their inventories ahead of the weekend and withdrew to the sidelines to see how the futures market develops, sources said.
Demand for rebar from the construction sector will wind down as temperatures fall this month.

The pessimistic outlook will likely weigh...


Jessica Zong

November 01, 2019

09:09 GMT