CHINA REBAR: Eastern price rises slightly on pre-weekend restocking

The eastern China rebar price inched up on Friday July 31 on improved demand and futures gains.

Eastern China (Shanghai): 3,600-3,630 yuan ($515-519) per tonne, up by 10 yuan per tonne
Northern China (Beijing) weekly assessment: 3,640-3,680 yuan per tonne, unchanged

End users raised procurement rates over the day to meet consumption during the coming weekend. The stronger demand, coupled with higher futures pushed...


Jessica Zong

July 31, 2020

10:59 GMT