CHINA REBAR: Prices flat on anticipated stimulus from ‘two sessions’

China’s domestic rebar prices were flat on Thursday May 21, with both buyers and sellers taking a wait-and-see approach to the market following the start of an annual meeting of policymakers in Beijing.

Domestic
Eastern China (Shanghai): 3,560-3,590 yuan ($501-506) per tonne, unchanged
The Chinese People’s Political Consultative Conference started its annual meeting on Thursday afternoon while that for the Chinese Communist Party’s National People’s Congress will start on Friday morning.

Sentiment in the market was positive, which led to rebar futures rising. But spot market participants held back from trading in anticipation of economic stimulus emerging from...

Published

Jessica Zong

May 21, 2020

10:56 GMT

Shanghai