CHINA REBAR: Prices flat amid mixed outlook

China’s domestic rebar prices were unchanged on Friday April 3, but a divided outlook has emerged in the market over how it would trend over the rest of this month.

Eastern China (Shanghai): 3,390-3,420 yuan ($478-482) per tonne, unchanged
Northern China (Beijing): 3,330-3,370 yuan per tonne, unchanged
Some market participants think rebar demand will remain active this month due to the weather becoming milder and with the Covid-19 outbreak in China appearing to come under control.

But others are less bullish because they expect production to increase and China’s economic growth to experience slower growth due to the...


Jessica Zong

April 03, 2020

10:00 GMT