DAILY: China's rebar prices level off

China's rebar prices in both spot and futures markets largely stabilized on December 19, while spot trading for construction steel items including rebar pulled back slightly on the same day amid buyers’ cautious stance.

The national price of HRB400E 20mm dia rebar was assessed by Mysteel at Yuan 3,325/tonne ($472/t) including the 13% VAT last Friday, up by a minimal Yuan 1/t from Thursday. In the derivatives market, the most-traded rebar futures contract for next May delivery on the Shanghai Futures Exchange ended the daytime trading flat from