CHINA REBAR: Housing sector's tight finances slow down demand recovery

China’s domestic rebar prices tumbled further on Friday February 28 amid losses in the futures market and sustained weakness in demand from the construction sector.

Eastern China (Shanghai): 3,370-3,400 yuan ($480-485) per tonne, down 50 yuan per tonne
Northern China (Beijing): 3,320-3,360 yuan per tonne, down 50 yuan per tonne
The country’s real estate sector is under pressure from a drop in transaction volumes due to the novel coronavirus (2019-nCoV) outbreak, industry analysts said.

With the next 2-3 months being the peak period for debt repayment, analysts expect companies...

Published

Jessica Zong

February 28, 2020

09:52 GMT

Shanghai