CHINA REBAR: Trading drops in Shanghai amid transport curbs

Chinese rebar prices picked up on Tuesday November 5 despite a dip in trading activity caused by transport curbs put up in conjunction with the China International Import Expo in Shanghai amid gains in the futures market.

Eastern China (Shanghai): 3,710-3,740 yuan ($529-533) per tonne, up 40 yuan per tonne
Northern China (Beijing): 3,630-3,660 yuan per tonne, up 10 yuan per tonnes
Traffic movements into, out of and within Shanghai are under restrictions until the conclusion of the expo on Sunday, which would cap trading activity in the rebar market.



Jessica Zong

November 05, 2019

09:30 GMT