CHINA REBAR: New demand concerns emerge amid onset of warmer weather

Chinese domestic rebar prices rose on Wednesday May 22 but participants voiced concerns that a seasonal drop in demand may soon push down prices.

Domestic Eastern China (Shanghai): 4,070-4,100 yuan ($592-597) per tonne, up 20-30 yuan per tonne Northern China (Beijing): 3,970-4,020 yuan per tonne, up 20 yuan per tonne Rebar futures ran above Tuesday’s settlement price of 3,845 yuan per tonne throughout the entire trading session on Wednesday, pushing up spot rebar prices. High billet prices provided additional support to rebar...

Published

Jessica Zong

May 22, 2019

10:10 GMT

Shanghai