CHINA REBAR: Domestic rebar prices edge up on surging futures

China’s domestic rebar prices picked up slightly on Friday January 18 after strong gains in the futures market.

Domestic Eastern China (Shanghai): 3,680-3,710 yuan ($543-548) per tonne, up 10 yuan per tonne Northern China (Beijing): 3,630-3,660 yuan per tonne, up 10 yuan per tonne Rebar futures rose to a two-month high of 3,636 yuan per tonne during the day, which gave spot prices some support. The gains failed to stimulate trading activity, however, with demand on the decline in the end-user market, sources said. Rebar prices...


Jessica Zong

January 18, 2019

09:19 GMT