CHINA REBAR: Low prices attract buying interest

Domestic rebar prices in China dropped sharply on Thursday August 19 on falling futures, but restocking demand picked up amid the decreases.

Domestic
Eastern China (Shanghai): 5,010-5,040 yuan ($773-777) per tonne, down by 130 yuan per tonne

The most-traded January rebar futures contract dropped to a low of 4,925 yuan per tonne during Wednesday's night trading session - down by 219 yuan per tonne from a closing price of 5,144 yuan per tonne at 3pm on...

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