CHINA REBAR: Supply bottlenecks send prices upward

China’s rebar prices increased on Wednesday November 13 amid tightened supply caused by logistical bottlenecks, though market participants expect these to ease over the next few days.

Eastern China (Shanghai): 3,780-3,830 yuan ($539-547) per tonne, up 80-90 yuan per tonne
Northern China (Beijing): 3,640-3,670 yuan per tonne, up 10-20 yuan per tonne
A trader in Shanghai said that a lot of cargoes shipped there from other parts of the country were still in the city’s ports due to transportation restrictions during the recently concluded China International Import Expo.

This has resulted...


Miranda Song

November 13, 2019

09:56 GMT