Rebar prices in the Chinese market on July 5

Comments today (Date：05/07/2023)

Chinese spot market dynamics: The average price of 20mm Grade 3 seismic rebar in 31 major cities in China was $3,862 per tonne, up $14 from the previous session; the Shanghai rebar dollar-denominated index closed at $516.79, up 0.77%. Specifically, rebar futures were running in a strong oscillation in the morning, and market offers continued to rise slightly. However, due to the small amount of demand released a few days ago, the transaction was cautious. After the afternoon, the plate shocked lower, and merchants were mostly wait-and-see, so the transaction was down throughout the day compared with yesterday. Comprehensive expected today's national building materials market prices are weak running mainly.

1. The weight of rebar and round steel(>8mm) in the above price list is theoretically calculated, and the weight of rebar coil(8mm) 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 above prices are ex-factory prices including tax, and there will be a small delivery fee when the customer picks up the goods. Does not include freight.
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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