CHINA REBAR: Strong futures fail to give spot prices upward push

Rebar prices in eastern China rebar continued to soften on Tuesday January 14 despite a pick-up in the futures market, with demand remaining persistently weak.

Eastern China (Shanghai): 3,640-3,670 yuan ($528-532) per tonne, down 10 yuan per tonne
Northern China (Beijing): 3,540-3,560 yuan per tonne, unchanged
Rebar futures posted strong gains during the day amid optimism generated by the scheduled signing of a first-phase trade agreement between China and the United States this week.

But the...

Published

Jessica Zong

January 14, 2020

09:40 GMT

Shanghai