CHINA REBAR: Prices flat amid trading spike ahead of weekend

Eastern China’s rebar prices held steady on Friday August 7 despite falling futures, with restocking demand ahead of the weekend providing support to the market.

Domestic
Eastern China (Shanghai): 3,640-3,670 yuan ($523-527) per tonne, unchanged
Northern China (Beijing) weekly assessment: 3,700-3,730 yuan per tonne, up by 50-60 yuan per tonne

A weakening of iron ore futures dragged down the rebar contract as well during the day, but sellers of rebar in...

Published

Jessica Zong

August 07, 2020

10:47 GMT

Shanghai