CHINA REBAR: Heavy rain erodes demand, prices

China’s domestic rebar prices dropped on Monday June 29 to track falling futures amid a pessimistic outlook of demand during the rainy season.

Eastern China (Shanghai): 3,530-3,560 yuan ($504-508) per tonne, down by 30 yuan per tonne

Most parts of eastern and southern China are experiencing heavy rain that is forecast to persist over the next three days. Such weather shortens the working hours...


Jessica Zong

June 29, 2020

10:52 GMT