CHINA REBAR: Prices rise further, but pessimism emerges

China’s domestic rebar prices increased further on Monday November 18 amid low inventories, though participants were less optimistic about the market due to softening demand.

Eastern China (Shanghai): 3,940-3,970 yuan ($562-566) per tonne, up 70-80 yuan per tonne
Northern China (Beijing): 3,720-3,750 yuan per tonne, up 20-30 yuan per tonne
Low stock levels in the spot market continued to provide upward momentum for rebar prices, sources said.

For instance, the Shanghai spot market had just 139,000 tonnes of rebar last...

Published

Jessica Zong

November 18, 2019

09:18 GMT

Shanghai