CHINA REBAR: Domestic prices edge up further on strengthening futures

China’s domestic rebar prices maintained their upward momentum on Wednesday July 17 amid rising futures.

Domestic Eastern China (Shanghai): 3,980-4,010 yuan ($579-583) per tonne, up 10 yuan per tonne Northern China (Beijing): 3,900-3,930 yuan per tonne, up 10 yuan per tonne Some buyers raised their procurement rates to replenish their inventories on seeing the gains in the futures market. End users mostly limited their buying, however, sources said. Stockists were actively selling rebar from their warehouses, which left market participants with the expectation...

Published

Jessica Zong

July 17, 2019

10:55 GMT

Shanghai