CHINA REBAR: Domestic prices bounce back on improved demand

China’s domestic rebar prices rebounded slightly on Wednesday February 27 with buyers picking up the pace of their procurement.

Domestic Eastern China (Shanghai): 3,750-3,800 yuan ($560-567) per tonne, up 10-20 yuan per tonne Northern China (Beijing): 3,750-3,790 yuan per tonne, up 20 yuan per tonne An improvement in weather conditions in eastern China has allowed more construction projects to restart work after the Chinese New Year holiday, which resulted in contractors raising their procurement rates. Rebar futures also posted gains in the morning, which gave support to the spot market, sources said. The most-traded rebar contract, which rose to a high of 3,750 yuan...

Published

Jessica Zong

February 27, 2019

09:30 GMT

Shanghai