CHINA REBAR: Domestic prices edge up but pessimistic outlook persists

China’s domestic rebar prices moved up further on Tuesday December 10 on early gains in the futures market, though sentiment among participants remained bearish.

Eastern China (Shanghai): 3,910-3,940 yuan ($555-560) per tonne, up 10 yuan per tonne
Northern China (Beijing): 3,650-3,690 yuan per tonne, up 10 yuan per tonne

Sellers kept raising their prices after rebar futures climbed steadily in the morning, but buyers cut their procurement rates to wait and see how the market develops. The most-traded rebar contract went on to end the day slightly...

Published

Jessica Zong

December 10, 2019

10:02 GMT

Shanghai