CHINA REBAR: Prices unchanged amid inactivity

China’s domestic rebar prices were unchanged on Wednesday December 30, supported by futures gains amid weakened demand.

Domestic
Eastern China (Shanghai): 4,430-4,450 yuan ($678-681) per tonne, unchanged
Rebar futures picked up after two days’ of losses, but participants did not expect prices to continue trending higher amid the slow season.
End-user demand has been weak in the past few days due to bad weather.

Participants expect demand...

Published

Jessica Zong

December 30, 2020

09:31 GMT

Shanghai