CHINA REBAR: Domestic prices rise again amid futures gains

China’s domestic rebar prices rose further on Friday September 14 amid a strengthening futures market.

Domestic Eastern China (Shanghai): 4,500-4,540 yuan ($657-663) per tonne, up 30-40 yuan per tonne Northern China (Beijing): 4,360-4,390 yuan per tonne, up 10 yuan per tonne Since Thursday evening, word had circulated among market participants via social media purporting that restrictions during the winter heating season in north China later this year would center on emissions instead of production rates, sources told Metal Bulletin. While there has not been any official confirmation of this, a segment of the market believes it would...

Published

Jessica Zong

September 14, 2018

10:34 GMT

Shanghai