CHINA REBAR: Prices rise on expected pick-up in demand

China’s domestic rebar prices rose on Friday February 21 amid strengthening futures and higher demand, which left some with the impression that the market had bottomed out.

Eastern China (Shanghai): 3,420-3,450 yuan ($487-491) per tonne, up 20 yuan per tonne
Northern China (Beijing): 3,350-3,380 yuan per tonne, up 20-30 yuan per tonne
More end users have started working, though so far they have only been buying in small quantities.
Transactions between trading houses are also rising on expectations of a further strengthening of demand in the coming month.

As such,...


Jessica Zong

February 21, 2020

09:45 GMT