CHINA REBAR: Domestic prices pick up, export values continue to slide

China’s domestic rebar prices increased on Wednesday June 19 on futures gains, but export prices continued to drop due to the need to sell.

Domestic  Eastern China (Shanghai): 3,820-3,860 yuan ($552-558) per tonne, up 20-30 yuan per tonne Northern China (Beijing): 3,680-3,710 yuan per tonne, up 10-30 yuan per tonne The rise in rebar futures led to more active trading in spot market and pushed up prices, sources said. The increase, however, was not expected to last, because the demand...

Published

Jessica Zong

June 19, 2019

10:17 GMT

Shanghai