Rebar prices in the Chinese market on July 3

Comments today (Date：03/07/2023)

China spot market dynamics: The average price of 20mm three-stage seismic rebar in 31 major cities in China was $531.58 per ton, up $2.21 from the previous trading day; the Shanghai rebar dollar-denominated index closed at $514.53, up 0.26%. Specifically, the rebar futures market pulled up in the morning, the spot opening offer was slightly higher, the demand side did not improve significantly, the downstream terminal takes less than expected, and the market turnover rate to low resource transactions; after lunch merchants' strong willingness to support prices, but the transaction performance is general, the day's turnover slightly reduced compared to the previous day. Comprehensive expected today's national building materials market prices narrowly oscillating operation is dominant.

1.The weight of rebar and round steel in the above price list is theoretically calculated, and the weight of rebar coil is weighed.
2. The sizes in the list are the sizes of commonly used steel bars, usually there are abundant steel bar products with a diameter of 6mm-40mm in the Chinese market.
3. The collection price above is tax-included and the price for picking up the goods from the warehouse by yourself, excluding the delivery fee.
4. Unless otherwise specified, the price of rebar in the above table is for 9-meter-length products.
5. Domestic and international materials (grades) are the most similar specifications selected based on public data, which does not mean that the corresponding materials (grades) are completely consistent.
6. If you need to inquire about Chinese products produced according to international production standards, you can submit an RFQ, and the customer service will provide manual feedback.

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