CHINA REBAR: Markets inactive despite widening arbitrage window

China’s domestic rebar market continued to weaken on Tuesday December 17, with market participants remaining cautious despite regional arbitrage opportunities emerging as a result of a wide price gap between the northern and eastern regions.

Eastern China (Shanghai): 3,830-3,860 yuan ($549-553) per tonne, down 30 yuan per tonne
Northern China (Beijing): 3,500-3,520 yuan per tonne, down 50 yuan per tonne

Prices in eastern China are now over 300 yuan per tonne higher than those in the north while freight rates between the two regions are around 100 yuan per tonne, a situation that allows traders in the former to buy...

Published

Jessica Zong

December 17, 2019

09:47 GMT

Shanghai