CHINA REBAR: Domestic prices regain stability but export market softens further

July 05, 2019 / www.metalbulletin.com / Article Link

China's domestic rebar prices were relatively steady on Thursday July 4 amid mild movements in the futures market, though the export segment continued to weaken on soft demand.

Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,920-3,950 yuan per tonne, widened downward by 10 yuan per tonneSellers in eastern China raised their prices amid early gains in the futures market during the day, but most buyers resisted them. Trading activity was low throughout the day.A few sellers in northern China lowered their prices amid weak demand due to high summer...

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