CHINA REBAR: Prices flat despite announcement of new regulations for construction

The release of new regulations for anti-seismic management of construction projects in China, which is expected to stimulate demand for anti-seismic rebar, failed to shake domestic rebar prices on Thursday August 5.

Domestic
Eastern China (Shanghai): 5,200-5,240 yuan ($804-811) per tonne, unchanged
The Chinese government published the regulations Wednesday and plans to implement them from September 1.

Once in force, local governments must ensure the construction sector implements anti-seismic features in their...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold