CHINA REBAR: Prices fall in anticipation of unusually quiet October housing market

China’s domestic rebar prices fell on Tuesday September 22 on soft demand, with market participants no longer expecting to see the usual October surge in the housing market.

Domestic
Eastern China (Shanghai): 3,630-3,660 yuan ($535-539) per tonne, down by 10-20 yuan per tonne
Buyers slowed their procurement activity in response to the weak futures market and billet losses late on Monday.

The most-traded January rebar contract was under Monday’s settlement price of 3,553 yuan per...

Published

Jessica Zong

September 22, 2020

10:27 GMT

Shanghai