CHINA REBAR: Prices flat amid escalating tensions with US

July 24, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices lost their upward momentum on Thursday July 23 amid slight increases in the futures market during the day, with tensions between the country and the United States escalating in the background.

Domestic
Eastern China (Shanghai): 3,610-3,640 yuan ($516-520) per tonne, unchanged
Sources reported that trading activity was steady in the spot rebar market on Thursday.

Analysts do not expect the US-ordered closure of the Chinese consulate in Houston this week to have much of an impact on China's economy and securities market, at least not...

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