CHINA REBAR: Domestic prices weaken amid falling futures

China’s domestic rebar prices dropped on Monday July 27 amid weakness in the futures and billet markets, though end-user demand was reported as “good.”

Eastern China (Shanghai): 3,580-3,600 yuan ($510-513) per tonne, down by 30-40 yuan per tonne
Rebar sellers lowered their offers in the morning in response to falling futures.

They were hoping to generate more sales by doing so since end users have mostly returned to the spot market following improved weather, a trader in eastern China said. The country was...


Jessica Zong

July 27, 2020

10:56 GMT