WEEKLY: SHFE rebar fluctuates amid cautious sentiment

The closing price of the most-traded rebar contract on the Shanghai Futures Exchange for October reached Yuan 3,619/tonne ($517/t) as of Friday, only fractionally lower than the closing price of Yuan 3,620/t a week earlier.
The rebar futures price experienced mild movements throughout the course of the week following the Dragon Boat Festival holidays over June 25-27, due to the increasingly cautious sentiment in the domestic futures market, a Shanghai-based futures analyst explained. “It has been quiet for some time as nothing much had been happening


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