CHINA REBAR: Domestic prices recover on slight improvement in sentiment

China’s domestic rebar prices picked up some strength on Tuesday August 13 amid early gains in the futures market.

Domestic
Eastern China (Shanghai): 3,650-3,680 yuan ($517-521) per tonne, up 20 yuan per tonne
Northern China (Beijing): 3,610-3,640 yuan per tonne, up 10 yuan per tonne

Rebar futures picked up late on Monday and stayed high for the rest of the day. The most-traded October contract stayed above Monday’s settlement price of 3,600 yuan per tonne throughout the day, which boosted sentiment in the spot market.
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Published

Jessica Zong

August 13, 2019

10:10 GMT

Shanghai