DAILY: Gain in China's rebar prices slows, sales also fall back

The uptrend in China's spot rebar prices slowed on August 25, as market sentiment turned cautious following a pullback in major ferrous futures. Spot trading for construction steel products also retreated on the same day, with end-buyers showing limited appetite for high-priced cargoes.

Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,278/tonne ($487.8/t) on Tuesday, up by a smaller Yuan 7/t on day compared with Monday's Yuan 34/t jump. In the derivatives market, the main contacts for coke and coking coal on the Dalian Commodity Exchange lost 0.44% and 1.34% during Tuesday's daytime