CHINA REBAR: Domestic prices drop on thinning trades

October 20, 2018 / www.metalbulletin.com / Article Link

China's domestic rebar prices moved down slightly on Friday October 19 amid soft demand.

Domestic Eastern China (Shanghai): 4,540-4,580 yuan ($654-660) per tonne, down 10 yuan per tonneNorthern China (Beijing): 4,330-4,370 yuan per tonne, down 10 yuan per tonneBoth the futures and billet markets weakened during the day, which made the spot rebar market more bearish.The transportation of construction materials in Shanghai will be suspended from October 23 to November 12 to improve air quality ahead of the China International Import Expo over...

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