CHINA REBAR: Rain, heat weigh on domestic demand

China’s domestic rebar prices dropped slight on Tuesday June 23 due to persistent rain affecting demand in many parts of the country.

Domestic
Eastern China (Shanghai): 3,560-3,590 yuan ($503-507) per tonne, down by 20 yuan per tonne
Working hours at construction sites have shortened due to the rainy season affecting many regions in China, which also has an effect on truck transportation.

High temperatures in other parts of the country, such as Guangdong and...

Published

Jessica Zong

June 23, 2020

10:45 GMT

Shanghai