CHINA REBAR: Domestic prices dip on weakening futures

China’s domestic rebar prices moved down slightly on Monday December 16 amid falling futures.

Eastern China (Shanghai): 3,860-3,890 yuan ($553-558) per tonne, down 10 yuan per tonne
Northern China (Beijing): 3,550-3,570 yuan per tonne, down 20 yuan per tonne
The losses in the futures market led to a deterioration of sentiment in the spot market.
In the northern region, end-user demand dropped sharply due to bad weather.

Procurement...

Published

Jessica Zong

December 16, 2019

09:30 GMT

Shanghai