CHINA REBAR: Strong end-user demand prevents sharp price drop

China’s domestic rebar prices edged down slightly on Tuesday August 31, but less so than futures due to strong end-user demand.

Eastern China (Shanghai): 5,220-5,260 yuan ($807-813) per tonne, widening downward by 10 yuan per tonne.

The most-traded January rebar futures contract briefly dropped to today’s low of 5,287 yuan per tonne before recovering...


Jessica Zong

August 31, 2021

11:23 GMT