CHINA REBAR: Prices mixed amid partial resumption of construction

China’s domestic rebar prices were mixed on Thursday February 20, with a partial resumption of work by the construction sector providing support in the eastern region while the cold weather in the north kept demand in check.

Eastern China (Shanghai): 3,400-3,430 yuan ($486-490) per tonne, up 30 yuan per tonne
Northern China (Beijing): 3,330-3,350 yuan per tonne, down 20-30 yuan per tonne
Several key infrastructure projects in eastern China have restarted work after an extended break for the Chinese New Year due to the novel coronavirus (2019-nCoV) outbreak in China.

This return of demand coupled with...

Published

Jessica Zong

February 20, 2020

09:25 GMT

Shanghai