CHINA REBAR: Domestic prices rebound slightly on demand uptick

China’s domestic rebar prices rose slightly on Thursday August 6, supported by stronger demand as a result of improved weather conditions and gains in the futures market.

Domestic
Eastern China (Shanghai): 3,640-3,670 yuan ($524-528) per tonne, up by 10 yuan per tonne
Weather conditions improved on Thursday after Typhoon Hagupit hit parts of eastern China earlier in the week. Activity at construction sites resumed in light of the better weather, leading to an increase in buying of rebar.

Stronger demand over the past week has led to a decline in inventory...

Published

Jessica Zong

August 06, 2020

10:14 GMT

Shanghai