CHINA REBAR: Domestic prices rise further on low inventories

China’s domestic rebar prices kept rising on Thursday October 31 on falling stock levels in the spot market.

Eastern China (Shanghai): 3,670-3,700 yuan ($520-524) per tonne, up 20 yuan per tonne
Northern China (Beijing): 3,620-3,650 yuan per tonne, up 20 yuan per tonne

Rebar inventories in major Chinese cities were at 3.72 million tonnes on Thursday, down 291,000 tonnes from a week earlier, according to a local industry information provider.

There has...

Published

Jessica Zong

October 31, 2019

09:35 GMT

Shanghai