CHINA REBAR: Domestic prices rebound on positive futures

China’s domestic rebar prices rebounded on Friday May 25 following the high futures prices in early hours.

Domestic
Eastern China (Shanghai): 3,830-3,880 yuan ($600-608) per tonne, up 40-50 yuan per tonne
Northern China (Beijing): 3,850-3,870 yuan per tonne, up 20 yuan per tonne
Sellers raised spot rebar prices after seeing futures were higher than Thursday’s settlement price of 3,548 yuan per tonne in the morning.

Sales volumes were...

Published

Jessica Zong

May 25, 2018

09:30 GMT

Shanghai