CHINA REBAR: Prices dip in eastern region after early-hour futures losses

China’s domestic rebar prices were mixed on Tuesday March 24, with those in the eastern region dipping while the northern market held steady amid fluctuating futures.

Eastern China (Shanghai): 3,450-3,480 yuan ($486-490) per tonne, down 10 yuan per tonne
Northern China (Beijing): 3,360-3,400 yuan per tonne, unchanged
Rebar futures dropped to a low of 3,373 yuan per tonne in the first 10 minutes of trading in the afternoon session, which led to a slight price drop in the spot market in Shanghai.

But a rebound in the futures...


Jessica Zong

March 24, 2020

10:23 GMT