CHINA REBAR: Domestic prices fall on expected rate cut

China’s domestic rebar prices and futures dropped on Tuesday December 24 amid heightened expectations of some form of financial stimulus to be implemented by the Chinese government soon.

Eastern China (Shanghai): 3,750-3,780 yuan ($535-539) per tonne, down 50 yuan per tonne
Northern China (Beijing): 3,500-3,530 yuan per tonne, down 20-30 yuan per tonne

Chinese Premier Li Keqiang said on Monday that the government was looking into whether to lower banks’ reserve requirement ratio - the amount of cash they must keep in their reserves – or...


Jessica Zong

December 24, 2019

09:43 GMT