CHINA REBAR: Domestic prices edge up on rising futures

China's domestic rebar prices edged up further on Tuesday August 18 amid rising futures, though demand in the spot market was largely flat.

Domestic
Eastern China (Shanghai): 3,650-3,680 yuan ($527-531) per tonne, up by 10 yuan per tonne
 
Sellers in the spot market raised their prices following the gains in the futures market, but buyers did not raise their procurement rates.

High temperatures and rain in some parts of China made it hard for the construction sector to increase working hours, sources...

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