CHINA REBAR: Call to resume production lifts sentiment

China’s domestic rebar prices held steady on Wednesday February 12 amid weak demand, though optimism emerged following a call by the country’s Ministry of Industry & Information Technology for enterprises to resume production gradually.

Eastern China (Shanghai): 3,380-3,420 yuan ($485-490) per tonne, unchanged
Northern China (Beijing): 3,440-3,460 yuan per tonne, unchanged
A trader in eastern China said that if more companies returned to work, economic activity would pick up, which would be good for futures trading.

If the futures market...

Published

Jessica Zong

February 12, 2020

10:08 GMT

Shanghai