CHINA REBAR: Spot market weaker than futures

China's domestic rebar prices rose slightly on Wednesday July 7, but the gains were much lower than those in the futures market.

Domestic
Eastern China (Shanghai): 4,960-4,990 yuan ($767-771) per tonne, up by 10 yuan per tonne

Heavy rain in large parts of China and high temperatures in the south have pushed down end-user demand for rebar, with one trader in Shanghai describing spot demand as "really...

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