CHINA REBAR: Prices pick up after rate cut announcement

China’s rebar prices increased in both the domestic and export markets on Monday September 9 after the country’s central bank unveiled plans ahead of the weekend to increase liquidity to shore up the Chinese economy.

Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($512-516) per tonne, up 30 yuan per tonne Northern China (Beijing): 3,650-3,680 yuan per tonne, up 20 per tonne The People’s Bank of China said that Friday that it would lower banks’ reserve requirement ratio - the amount of cash that they must hold as reserves - by 50...

Published

Jessica Zong

September 09, 2019

10:34 GMT

Shanghai