DAILY: China's rebar prices largely stable, trading weakens slightly further

China's domestic rebar spot and futures markets held largely stable on August 26, while spot trading for the long steel product dipped further amid a prevailing cautious sentiment, Mysteel Global learned.

The national price of HRB400E 20mm dia rebar assessed by Mysteel stood at Yuan 3,279/tonne ($488/t) including the 13% VAT on Wednesday, higher by Yuan 1/t from the previous day. In the derivatives market, the most-traded rebar contract on the Shanghai Futures Exchange for October delivery closed the daytime session 0.2%