CHINA REBAR: Prices rebound again on strengthening futures

China’s domestic rebar prices rebounded for a second time this week on Friday March 1 on gains in the futures market, while the export segment also received a small boost.

Domestic Eastern China (Shanghai): 3,780-3,830 yuan ($565-572) per tonne, up 40 yuan per tonne Northern China (Beijing): 3,780-3,830 yuan per tonne, up 50 yuan per tonne Rebar futures posted gains for two consecutive days, which returned some upward momentum to spot prices. The stronger rebar futures also stimulated trading in the spot market, market sources said. Prices in eastern China are 60-70 yuan per tonne higher than last Friday, while those in northern China are up 50-80 yuan per...

Published

Jessica Zong

March 01, 2019

09:40 GMT

Shanghai