CHINA REBAR: Prices gain in moderate trading

China’s rebar prices continued to gain on Monday December 30 following a rise in the futures market, which boosted trading in the east of the country.

Domestic
Eastern China (Shanghai): 3,680-3,720 yuan ($526-532) per tonne, up 40-50 yuan per tonne
Northern China (Beijing): 3,550-3,570 yuan per tonne, up 40-50 yuan per tonne
A Shanghai-based trader said sentiment in the spot market was lifted by steady futures gains, which motivated some buyers to be willing to pay more.

Trading...

Published

Jessica Zong

Miranda Song

December 30, 2019

10:20 GMT

Shanghai