DAILY: China's spot rebar prices fall further, trading rebounds

China's spot rebar prices remained on a downward track on June 26 amid soft demand and a weakening futures market, while trading activity for the long steel product showed a noticeable rebound on the same day, Mysteel Global learned.

The national price of HRB400E 20mm dia rebar assessed by Mysteel stood at Yuan 3,311/tonne ($487/t) including the 13% VAT last Friday, lower by Yuan 6/t from the day prior and extending a losing streak for eight workdays straight. In the derivatives market, the most-traded rebar contract on the Shanghai Futures