- Falling coke prices weigh on market sentiment
- Rebar futures edge lower amid cautious outlook
Chinese billet prices held stable d-o-d at RMB 2,980/t ($432/t) on 31 March, supported by improved demand signals, with rebar trade crossing 100,000 t and the official PMI rising to a one-year high of 50-51.
However, falling coke prices and ongoing logistical delays capped gains. Export sentiment remained steady but offered limited support. Meanwhile, SHFE rebar futures edged down by RMB 18/t ($3/t) to RMB 3,121/t ($452/t), reflecting cautious market sentiment.
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