CHINA REBAR: Market braces itself ahead of 'two sessions'

May 15, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices were flat on Thursday May 14 amid a subdued market bracing itself ahead of the annual meetings of Chinese policymakers later this month.

Domestic
Eastern China (Shanghai): 3,460-3,490 yuan ($488-492) per tonne, unchanged
While May 22 has been fixed for the annual meeting of the National People's Congress of the Communist Party of China in Beijing, that for the Chinese People's Political Consultative Conference has yet to be confirmed, although May 21 has been proposed.

Due to the Covid-19 pandemic, market...

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