CHINA REBAR: Domestic prices slide further amid sparse trading

By Jessica Zong / May 21, 2018 / www.metalbulletin.com / Article Link

China's domestic rebar prices continued to decrease on Monday May 21 on weak trading activity amid losses in the futures market.

Domestic Eastern China (Shanghai): 3,950-4,000 yuan ($619-627) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,890-3,920 yuan per tonne, down 10-20 yuan per tonne The weakness in the futures market during the day resulted in buyers taking a wait-and-see approach. The drop in trading activity resulted in lower prices in the spot market, though sellers did not implement cuts that...

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