CHINA REBAR: Prices bounce back on increased buying [CORRECTED]

China’s domestic rebar prices regained some strength on Wednesday March 25 on a pick-up in buying activity amid rising futures.

Eastern China (Shanghai): 3,470-3,500 yuan ($491-495) per tonne, up 20 yuan per tonne
Northern China (Beijing): 3,380-3,400 yuan per tonne, narrowed upward by 20 yuan per tonne
 

A trader in eastern China said his sales volume during the day was about a third higher than on Tuesday after buyers raised their procurement rates following a strengthening of...

Published

Jessica Zong

March 25, 2020

10:22 GMT

Shanghai