CHINA REBAR: Rain subdues demand

China’s domestic rebar prices fell on Thursday August 12, with end-user demand falling away due to heavy rainfall across large parts of the country.

Domestic
Eastern China (Shanghai): 5,200-5,230 yuan ($803-808) per tonne, down by 30 yuan per tonne
Heavy rain hit a large parts of China in recent days, interrupting construction activity and disrupting the transportation of rebar from warehouses.

More heavy rains are expected across eastern...

Published

Jessica Zong

August 12, 2021

12:06 GMT

Shanghai