DAILY: China's rebar prices dip amid lukewarm market sentiment

China's spot rebar prices posted a marginal drop on October 13 as softening futures weighed on market sentiment, while spot trading volume of construction steel items including rebar remained largely steady.

Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,326/tonne ($497/t) including the 13% VAT on Tuesday, down by Yuan 1/t on day and snapping a two-day gaining streak. In the derivatives market, the price of the most-traded rebar contract on the Shanghai Futures Exchange for next January