DAILY: China's spot rebar prices largely stable, trading slumps

China's spot rebar prices remained largely stable on July 9, though trading activity for the long steel product weakened noticeably the same day amid sluggish end-user demand, Mysteel Global learned.

The national price of HRB400E 20mm dia rebar assessed by Mysteel stood at Yuan 3,290/tonne ($484/t) including the 13% VAT on Thursday, up by a marginal Yuan 1/t from the day prior. In the derivatives market, the most-traded rebar contract on the Shanghai Futures Exchange for October delivery closed the daytime