CHINA REBAR: Trading picks up ahead of transport curbs for import expo

Trading activity in China’s domestic rebar market picked up on Monday November 4 amid flat prices ahead of the China International Import Expo in Shanghai from Tuesday until Sunday.

Eastern China (Shanghai): 3,670-3,700 yuan ($521-526) per tonne, unchanged
Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged
Rebar futures were trading above last Friday’s settlement price of 3,364 yuan per tonne for most of Monday’s trading hours, which stimulated buying interest.

Some end users stepped up on purchases to stock up on materials for the duration of the expo,...


Jessica Zong

November 04, 2019

09:54 GMT