CHINA REBAR: Domestic prices weaken amid falling futures

July 28, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices dropped on Monday July 27 amid weakness in the futures and billet markets, though end-user demand was reported as "good."

Domestic
Eastern China (Shanghai): 3,580-3,600 yuan ($510-513) per tonne, down by 30-40 yuan per tonne
Rebar sellers lowered their offers in the morning in response to falling futures.

They were hoping to generate more sales by doing so since end users have mostly returned to the spot market following improved weather, a trader in eastern China said. The country was...

Recent News

Gold stocks up on rise in metals and equities

October 14, 2024 / www.canadianminingreport.com

Gold stocks decline on flat metal and mixed equities

October 07, 2024 / www.canadianminingreport.com

Copper price expected to range from flat to slight gain in 2025

October 07, 2024 / www.canadianminingreport.com

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok