CHINA REBAR: Prices unchanged amid rapid fluctuations in the futures market

China’s rebar prices remained stable on Wednesday January 30 in both the domestic and export markets, while there were significant changes in the futures market.

Domestic  Eastern China (Shanghai): 3,710-3,750 yuan ($551-556) per tonne, unchanged    Northern China (Beijing): 3,700-3,740 yuan per tonne, unchanged Rebar futures rose to a high of 3,767 yuan per tonne soon after opening on Wednesday, up 92 yuan per tonne from Tuesday’s closing price. Spot traders, however, did not follow suit because trading activity almost stopped.  And rebar futures dropped sharply in the last 30 minutes of trading, which indicated that paper market...

Published

Jessica Zong

January 30, 2019

09:41 GMT

Shanghai