CHINA REBAR: Futures up, but spot prices still flat

China’s domestic rebar prices did not budge despite further gains in the futures market on Wednesday January 8.

Eastern China (Shanghai): 3,680-3,710 yuan ($529-534) per tonne, unchanged
Northern China (Beijing): 3,540-3,570 yuan per tonne, unchanged
The strength in the futures market failed to stimulate buying interest and spot prices during the day.

Buyers kept their procurement rates low on expectations that softening demand would put...


Jessica Zong

January 08, 2020

08:58 GMT