CHINA REBAR: Prices surge further in eastern region

Rebar prices in eastern China surged further on Tuesday April 9 on an optimistic outlook among sellers for demand to strengthen over the rest of this month.

Domestic Eastern China (Shanghai): 4,070-4,100 yuan ($606-610) per tonne, up 70-90 yuan per tonne Northern China (Beijing): 3,960-3,990 yuan per tonne, up 10 yuan per tonne End-user demand for rebar has been strong since mid-March and is expected to pick up gradually over the remainder of April, sources in eastern China said. Sellers raised prices on the optimism. Their counterparts...

Published

Jessica Zong

April 09, 2019

10:55 GMT

Shanghai