CHINA REBAR: Domestic prices drop on tumbling futures

By Jessica Zong / June 19, 2018 / www.metalbulletin.com / Article Link

China's domestic rebar prices moved down on sparse trading on Tuesday June 19 amid weakening futures.

Domestic Eastern China (Shanghai): 4,120-4,160 yuan ($640-646) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,910-3,940 yuan per tonne, down 40 yuan per tonne Futures tumbled during the day following threats by US President Donald Trump to impose a 10% tariff on more Chinese imports, which sparked market participants' pessimistic...

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