CHINA REBAR: Adverse weather weighs on domestic prices

China’s domestic rebar prices snapped over a week of increases on Friday June 5 due to heavy rain in the country’s southern region and high temperatures in the north sapping demand.

Domestic
Eastern China (Shanghai): 3,600-3,630 yuan ($508-512) per tonne, down by 20 yuan per tonne
Northern China (Beijing) - weekly assessment: 3,700-3,730 yuan per tonne, up by 100 yuan per tonne
Adverse weather conditions affected the working hours of the construction sector, which led to rebar prices coming under pressure.

These conditions have been forecast to persist in the...

Published

Jessica Zong

June 05, 2020

11:17 GMT

Shanghai