CHINA REBAR: Transactions among traders rise; end-user demand still weak

China’s domestic rebar prices increased on Monday February 24 due to a pick-up in activity among trading houses, market participants said.

Eastern China (Shanghai): 3,460-3,490 yuan ($492-496) per tonne, up 40 yuan per tonne
  
Northern China (Beijing): 3,390-3,420 yuan per tonne, up 40 yuan per tonne
Some traders took orders from end-users with delivery time in February and March in late October or early November last year when rebar prices were low.

These...

Published

Jessica Zong

February 24, 2020

10:06 GMT

Shanghai