CHINA REBAR: Northern region prices rise further on strong futures

Northern China’s domestic rebar prices continued to rise on Tuesday June 25 amid surging futures, though the eastern Chinese market held steady.

Eastern China (Shanghai): 3,900-3,950 yuan ($567-574) per tonne, unchanged
Northern China (Beijing): 3,770-3,800 yuan per tonne, up 30-40 yuan per tonne
Traders in Shanghai kept prices flat despite rising futures in an attempt to secure more sales.

But their counterparts in Beijing raised prices further due to their proximity with Tangshan, which has come under...


Jessica Zong

June 25, 2019

10:59 GMT