CHINA REBAR: Buyers replenish inventories on lower prices

China’s domestic rebar prices dropped on Thursday March 19 on futures losses, with buyers then taking the chance to raise procurement rates.

Eastern China (Shanghai): 3,500-3,530 yuan ($495-499) per tonne, down 30 yuan per tonne 
Northern China (Beijing): 3,380-3,430 yuan per tonne, widened downward by 10 yuan per tonne

Rebar futures fell  by 219 yuan per tonne to reach a low of 3,329 yuan per tonne in the morning, down from Wednesday’s closing price of 3,548 yuan per tonne, pushing down spot rebar prices.


Jessica Zong

March 19, 2020

09:54 GMT