CHINA REBAR: Prices rise amid improved outlook

China’s rebar prices rebounded on Monday April 15 after market participants’ outlook for demand in the next few months improved following the release of the latest data from the property sector.

Domestic Eastern China (Shanghai): 4,060-4,110 yuan ($606-613) per tonne, up 40 yuan per tonne Northern China (Beijing): 4,000-4,030 yuan per tonne, up 30-40 yuan per tonne The housing market in first-tier Chinese cities strengthened in March, according to a local real estate research institute. For instance, the sales acreage for houses in Beijing amounted to 311,000 square meters in March, up 108% from February and 130% higher in comparison with a year earlier,...

Published

Jessica Zong

April 15, 2019

10:38 GMT

Shanghai