CHINA REBAR: Domestic prices drop after trading thins

By Jessica Zong / September 05, 2018 / www.metalbulletin.com / Article Link

China's domestic rebar prices retreated slightly on Wednesday September 5 amid a drop in trading activity.

Domestic Eastern China (Shanghai): 4,440-4,480 yuan ($649-655) per tonne, down 10 yuan per tonneNorthern China (Beijing): 4,330-4,360 yuan per tonne, down 20 yuan per tonneBuyers, having secured materials actively in the past couple of down, slowed down their procurement on Wednesday.Weakening HRC futures had sapped buying interest as well, market sources said.A segment of the market is...

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