CHINA REBAR: Futures strength fails to boost spot prices

China’s domestic rebar prices were flat on Tuesday April 20 despite strength in the futures market because sellers were actively destocking.

Domestic
Eastern China (Shanghai): 5,000-5,030 yuan ($767-772) per tonne, unchanged
End users have continued to ask for lower prices since last week, saying rebar prices are way higher than their budget, market sources said.

As a result, sellers were...

Published

Jessica Zong

April 20, 2021

10:33 GMT

Shanghai