CHINA REBAR: Spot prices down on weak demand despite futures gains

China’s domestic and export prices for rebar dropped slightly on Monday January 6 on weakening demand, though the futures market for the long steel product registered some gains amid optimism linked to a truce in the country’s trade war with the United States.

Eastern China (Shanghai): 3,680-3,710 yuan ($528-533) per tonne, down 10 yuan per tonne
Northern China (Beijing): 3,540-3,570 yuan per tonne, down yuan per tonne

Most parts of China experienced rain and snow during the day. Such weather is forecast persist over the next day or two, which sapped demand for...

Published

Jessica Zong

January 06, 2020

09:29 GMT

Shanghai