China's rebar prices were unchanged on Wednesday April 4 ahead of the Qing Ming Festival, or tomb-sweeping day, on April 5-6. Meanwhile, fluctuating futures provided participants with little direction as to where the market might be heading.
Domestic Eastern China (Shanghai): 3,650-3,700 yuan ($580-588) per tonne, unchanged Northern China (Beijing): 3,730-3,750 yuan per tonne, unchangedSome end-users raised their procurement rates to supplement their inventories ahead of the holiday. Traders kept their prices stable amid higher sales volumes.Rebar prices in east China were 100 yuan per tonne higher than last Friday, and those in north China increased 10-20...