China's rebar market maintained its downward trend on Tuesday June 18 amid weakening demand.
Domestic Eastern China (Shanghai): 3,790-3,840 yuan ($547-554) per tonne, down 10-30 yuan per tonneNorthern China (Beijing): 3,650-3,700 yuan per tonne, down 30 yuan per tonneRain in both Shanghai and Beijing capped trading activity during the day. Market participants expect demand to weaken in the next few weeks due to rising temperatures with the onset of summer.Most parts of eastern China have entered their rainy season, which would dampen demand...