CHINA REBAR: Prices edge up in eastern region

Eastern China’s rebar prices edged up on Thursday August 22 amid a recovery in the futures market, while those in the northern region were stable amid weak demand.

Eastern China (Shanghai): 3,660-3,690 yuan ($518-523) per tonne, up 10 yuan per tonne
Northern China (Beijing): 3,600-3,630 yuan per tonne, unchanged
Rebar futures charted a recovery in the afternoon after trending downward in the first half of the day, which pushed up spot prices slightly in eastern China, but failed to stimulate buying interest.

In northern China, prices were unchanged due...


Jessica Zong

August 22, 2019

10:32 GMT