CHINA REBAR: Price slide continues, but at slower pace on raw materials gains

China’s domestic rebar prices continued to fall on Tuesday May 18, but at a much slower rate than on Monday due to gains in the iron ore market.

Domestic
Eastern China (Shanghai): 5,550-5,580 yuan ($864-868) per tonne, down by 20-30 yuan per tonne
The most-traded September iron ore futures contract closed at 1,242.50 yuan per tonne on Tuesday, up by 45 yuan per tonne from Monday's close.

The raw material’s...

Published

Jessica Zong

May 18, 2021

10:08 GMT

Shanghai