CHINA REBAR: Trading thins amid falling supply, demand

China's domestic rebar prices stopped rising on Tuesday June 29 amid weaker demand due to market participants taking a wait-and-see approach amid adverse weather and expectations of production cuts resulting from bad steelmaking margins.

Domestic
Eastern China (Shanghai): 4,860-4,880 yuan ($752-755) per tonne, unchanged
Market participants expect demand for rebar to weaken further in early July, with heavy rain forecast for parts of eastern and southern China next week.

This is in addition to China Meteorological Administration's forecast...

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