CHINA REBAR: Domestic prices flat amid high selling interest

By Jessica Zong / March 15, 2018 / www.metalbulletin.com / Article Link

Active trading and gains in the futures market failed to push up China's domestic rebar prices on Thursday March 15, with sellers more anxious about de-stocking.

Domestic Eastern China (Shanghai): 3,790-3,850 yuan ($600-609) per tonne, unchanged Northern China (Beijing): 3,900-3,930 yuan per tonne, unchanged Buyers stepped up their procurement rates slightly following gains in the futures market during the day. Sellers kept their offers flat to secure as many orders as they could amid uncertainties about which direction prices would trend next, market sources said.Export Metal Bulletin fob China Rebar Index: $564.06 per...

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