CHINA REBAR: Domestic prices recover on trading pick-up

China’s domestic rebar prices rose on Tuesday August 11 to regain losses of a day earlier amid a strengthening of demand.

Eastern China (Shanghai): 3,640-3,670 yuan ($523-527) per tonne, up by 30 yuan per tonne
Buyers raised their procurement rates in the earlier part of the day amid rising futures. The increased demand pushed up spot rebar prices.
But demand dropped in the late afternoon after futures decreased rapidly in the last hour of trading.

Fastmarkets’ steel reinforcing...


Jessica Zong

August 11, 2020

10:53 GMT