CHINA REBAR: Prices flat amid weakening demand, mild gains in futures market

June 27, 2019 / www.metalbulletin.com / Article Link

China's rebar prices were unchanged on Wednesday June 26 amid softer spot demand and a slight rise in the futures market.

Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($567-574) per tonne, unchangedNorthern China (Beijing): 3,770-3,800 yuan per tonne, unchangedRebar futures edged up during the day but failed to push up spot prices.Continual rain in eastern China this week dampened end-user demand, sources said.Demand is expected to remain subdued, or even soften further, with rain forecast for the region for the next few weeks. Demand...

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