CHINA REBAR: Domestic prices flat amid retreating futures

September 18, 2019 / www.metalbulletin.com / Article Link

China's domestic rebar prices held steady on Tuesday September 17 amid falling futures and an inactive market.

Domestic Eastern China (Shanghai): 3,720-3,750 yuan ($526-530) per tonne, unchangedNorthern China (Beijing): 3,640-3,670 yuan per tonne, unchangedSellers kept their prices flat to wait for more changes in the futures market, sources said.Market participants did not see a clear trend in the futures market, and as such, refrained from trading actively in the spot market, a trader in Shanghai said. ExportFastmarkets' steel reinforcing bar (rebar)...

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