CHINA REBAR: Domestic prices flat, export prices edge up

摘要

China's domestic rebar prices were unchanged on Monday January 28 amid inactivity, but export prices rose slightly on low selling pressure.DOMESTIC-Eastern China (Shanghai): 3,710-3,750 yuan ($550-556) per tonne, unchanged-Northern China (Beijing): 3,700-3,740 yuan per tonne, unchangedMost downstream end users have stopped work to get an early start to the holiday for the Chinese New Year, which kept trading sparse trading during the day, market sources said.Rebar futures rose in the first half hour of trading but dropped soon after, which further weighed on trading activity.Sellers kept prices flat because they do not expect any change in their sales volumes even if they had adjusted their prices.