CHINA REBAR: Trading active despite heavy rains

China’s rebar market in the east posted active trading on Monday July 6 amid high futures prices, although demand overall is expected to be weak due to the heavy rains in the south and east.

Domestic
Eastern China (Shanghai): 3,520-3,530 yuan ($498-499) per tonne, narrowing from both ends
A Shanghai-based trader said she was securing more orders on Monday than on Friday despite heavy rains in eastern China.

She said it was because rebar futures were rebounding in the morning session, which helped bolster market sentiment.
...

Published

Jessica Zong

Miranda Song

July 06, 2020

11:08 GMT

Shanghai