CHINA REBAR: Domestic price largely flat despite futures gains

October 26, 2019 / www.metalbulletin.com / Article Link

China's domestic rebar prices were largely flat on Friday October 25, while billet and futures both moved up.

Eastern China (Shanghai): 3,580-3,610 yuan ($507-511) per tonne, unchangedNorthern China (Beijing): 3,550-3,600 yuan per tonne, widened upward by 10 yuan per tonneRebar futures rose after a data release on Thursday showed a sharp drop in inventories, sources said. Prices in the spot market remained flat, however, as the data failed to stimulate more active trading. Rebar prices in...

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