CHINA REBAR: Prices dip after afternoon decline in futures market

China’s domestic rebar prices widened downward slightly on Tuesday July 28 after futures declined in the afternoon.

Domestic
Eastern China (Shanghai): 3,570-3,600 yuan ($510-514) per tonne, widened downward by 10 yuan per tonne
Rebar futures went from a high of 3,770 yuan per tonne in the morning to a low of 3,715 yuan per tonne in the afternoon.

The spot market was active when rebar futures were on the rise, but demand fell once the latter declined, which led some traders...

Published

Jessica Zong

July 28, 2020

10:13 GMT

Shanghai