CHINA REBAR: Weak end-user demand, strong futures keep prices flat

China’s domestic rebar prices were unchanged on Thursday July 22 amid a confluence of opposing factors, but market participants expect them to regain their upward momentum soon.

Domestic
Eastern China (Shanghai): 5,230-5,250 yuan ($809-812) per tonne, unchanged
End-user demand for rebar continued to decline due to heavy rain in Henan province and high temperatures in other parts of China.

But some restocking demand has emerged...

Published

Jessica Zong

July 22, 2021

10:17 GMT

Shanghai