CHINA REBAR: Market bullish after release of positive economic data

China’s domestic and export prices for rebar moved up on Monday August 3 amid rising futures stimulated by the release of positive economic data.

Domestic
Eastern China (Shanghai): 3,640-3,670 yuan ($522-526) per tonne, up by 40 yuan per tonne
China’s manufacturing purchasing managers’ index was 51.1 points for July, up by 0.2 points from June, according to the National Bureau of Statistics. This is the fifth month that the index has been above 50%, which indicates growth in the sector.

It also shows that...

Published

Jessica Zong

August 03, 2020

10:25 GMT

Shanghai