CHINA REBAR: Futures pick up in late trading, boosting sentiment

China’s rebar prices decreased in both the domestic and export markets on Monday August 12, but the rise in futures in the last hour of trading helped lift sentiment.

Domestic 
Eastern China (Shanghai): 3,630-3,660 yuan ($514-518) per tonne, down 20 yuan per tonne
Northern China (Beijing): 3,600-3,630 yuan per tonne, down 30-40 yuan per tonne
Traders cut prices in the morning session amid weak futures to pursue higher sales volumes, sources said, but raised procurement rates in the afternoon after futures rose.

Published

Jessica Zong

August 12, 2019

09:44 GMT

Shanghai