CHINA REBAR: Spot prices up, but outlook still bearish

China’s rebar prices picked up on Monday October 28 in both the domestic and the export markets, but the outlook among futures traders remained pessimistic.

Eastern China (Shanghai): 3,620-3,650 yuan ($513-517) per tonne, up 40 yuan per tonne  Northern China (Beijing): 3,580-3,630 yuan per tonne, up 30 yuan per tonne The spot price rose over the day amid active trading. But participants did not expect prices to continue to rise given high production and weakening demand...

Published

Jessica Zong

October 28, 2019

08:58 GMT

Shanghai