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.

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.


Jessica Zong

August 13, 2019

10:10 GMT