CHINA REBAR: Domestic prices flat, but outlook bullish

China’s domestic rebar prices were flat on Friday April 19 amid stable activity, but participants expected prices to pick up next week.

Domestic Eastern China (Shanghai): 4,060-4,080 yuan ($606-609) per tonne, unchanged Northern China (Beijing): 4,000-4,040 yuan per tonne, unchanged Buyers kept procurement rates flat ahead of the weekend, leading to unchanged prices. Participants, however, said they expect prices to increase next week amid an optimistic outlook on end-market demand. Rebar prices in eastern China rose 10-40 yuan per tonne week on week and those in...

Published

Jessica Zong

April 19, 2019

09:40 GMT

Shanghai