CHINA REBAR: Prices fall after typhoon saps demand

China’s domestic rebar prices dropped slightly on Wednesday August 5 due to adverse weather weakening demand.

Domestic
Eastern China (Shanghai): 3,630-3,660 yuan ($520-524) per tonne, down by 10 yuan per tonne
Parts of eastern China experienced wet weather due to Typhoon Hagupit, which affected demand for rebar from the construction sector.

The most-traded October rebar futures contract also traded below Tuesday’s settlement price of 3,843 yuan per tonne for most of the day, which...

Published

Jessica Zong

August 05, 2020

10:55 GMT

Shanghai