CHINA REBAR: Domestic prices flat despite increased buying

China’s domestic rebar prices were unchanged on Friday November 9, with sellers keeping prices steady despite a pick-up in trading activity in a bid to secure more sales.

Domestic Eastern China (Shanghai): 4,480-4,520 yuan ($646-652) per tonne, unchanged Northern China (Beijing): 4,350-4,400 yuan per tonne, unchanged Buyers in Shanghai raised their procurement rates slightly ahead of the weekend amid expectations that prices might increase following the lifting of restrictions on the transportation of construction materials, which were imposed for the China International Import Expo, which concludes on Saturday November 10. Despite the pick-up in...

Published

Jessica Zong

November 09, 2018

10:12 GMT

Shanghai