CHINA REBAR: Prices fall after heavy rains dampen demand

China’s rebar prices retreated on Tuesday June 9 in both domestic and export markets due to softer demand.

Domestic
Eastern China (Shanghai): 3,590-3,620 yuan ($507-512) per tonne, down by 40 yuan per tonne at the midpoint
Heavy rains in eastern and northern regions have disrupted construction work and reduced rebar demand, weighing on prices.

Meanwhile, rebar futures dropped in last night’s trading session and kept weak in the early hours today...

Published

Jessica Zong

June 09, 2020

10:03 GMT

Shanghai