DAILY: China's rebar prices largely stable ahead of holidays

China's spot rebar prices largely held steady on September 23, while spot trading for construction steel items including rebar was still supported by restocking demand among end-users ahead of the Mid-Autumn Festival and National Day holidays.

Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,324/tonne ($495/t) including the 13% VAT on Wednesday, up by a tiny Yuan 2/t on day. In the derivatives market, the price of the most-traded rebar contract on the Shanghai Futures Exchange for next January delivery shed 0.26% from the