CHINA REBAR: Futures fall to lower limit, weighing on spot prices

China’s domestic rebar prices tumbled further on Friday May 14 amid falling futures and weaker demand, shedding some of Monday’s big gains. Prices in eastern China ended the week 350-360 yuan per tonne higher while those in the north are up by 630-640 yuan per tonne week on week.

Eastern China (Shanghai): 5,780-5,800 yuan ($896-900) per tonne, down by 120-130 yuan per tonne
Northern China (Beijing) weekly assessment: 6,150-6,180 yuan per tonne, up by 630-640 yuan per tonne

Local authorities in Tangshan, China’s steelmaking hub in the northern region,...


Jessica Zong

May 14, 2021

10:06 GMT