CHINA REBAR: Export prices drop on bearish outlook for domestic market

China’s domestic rebar prices were flat on Friday February 14, but export prices continued to drop on participants’ bearish sentiment.

Eastern China (Shanghai): 3,370-3,400 yuan ($483-487) per tonne, unchanged
Northern China (Beijing): 3,420-3,450 yuan per tonne, unchanged
The delayed restart to most construction projects due to concerns over the spread of the novel coronavirus (2019-nCoV) is weighing on the rebar demand outlook.

More than 10 provinces and cities have released measure to support the housing market, such as suspending payments for land transfer fees and...

Published

Jessica Zong

February 14, 2020

09:01 GMT

Shanghai