CHINA REBAR: Rising raw materials futures prop up domestic prices

China’s domestic rebar prices picked up on Monday December 9 amid rising iron ore and coke futures.

Eastern China (Shanghai): 3,900-3,930 yuan ($554-558) per tonne, up 30 yuan per tonne
Northern China (Beijing): 3,640-3,680 yuan per tonne, up 10 yuan per tonne
The Dalian Commodity Exchange launched iron ore options during the day, which stimulated trading activity for the steelmaking raw materials’ futures contract, sources said.
Against the background of restocking by steel mills, iron ore futures rose steadily throughout the day.

The most-traded May iron ore futures contract...

Published

Jessica Zong

December 09, 2019

09:40 GMT

Shanghai