China's domestic rebar prices moved up slightly on Wednesday June 5 on rebounding futures in the final hours of trading, though the increases resulted in a drop in buying activity.
Domestic Eastern China (Shanghai): 3,920-3,960 yuan ($567-573) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 3,850-3,900 yuan per tonne, up 30 yuan per tonneA few traders who did not have a lot of materials in their inventories raised their prices slightly after rebar futures rebounded in the afternoon.But buyers then started to slow down...