CHINA REBAR: Rain leads to weaker demand, lower prices in eastern region

Eastern China’s rebar prices edged down on Friday July 10 on declining demand amid adverse weather conditions and futures' losses, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 3,570-3,590 yuan ($509-512) per tonne, narrowed downward by 10 yuan per tonne
Northern China (Beijing) weekly assessment: 3,670-3,700 yuan per tonne, up by 40 yuan per tonne

The working hours at construction sites have shortened and truck transportation has slowed due to rain in most parts of eastern...

Published

Jessica Zong

July 10, 2020

12:12 GMT

Shanghai