CHINA REBAR: Trading picks up slightly amid stagnant domestic prices

China’s domestic rebar prices were flat on Friday August 16, though trading activity increased slightly.

Eastern China (Shanghai): 3,670-3,700 yuan ($521-525) per tonne, unchanged
Northern China (Beijing): 3,610-3,630 yuan per tonne, unchanged

Rebar futures picked up earlier in the day, which stimulated buying interest in the spot market. The benchmark rebar contract on the Shanghai Futures Exchange went on to end the day at the same level as Thursday’s closing price,...


Jessica Zong

August 16, 2019

12:16 GMT