CHINA REBAR: Eastern demand drops further on poor weather

East China's rebar prices dropped on Friday July 2 due to weak demand on poor weather during the day, ending the week 10 yuan per tonne lower than June 25.

Domestic
Eastern China (Shanghai): 4,830-4,860 yuan ($746-750) per tonne, down by 40-50 yuan per tonne
Northern China (Beijing) weekly assessment: 4,780-4,820 yuan per tonne, up by 20-30 yuan per tonne

Heavy rain in large parts of eastern and southern China disturbed construction...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold