CHINA REBAR: Eastern prices stagnant amid futures gains, billet losses

Rebar prices in eastern China were unchanged on Friday September 11 compared with a day earlier amid futures strength and declining billet prices.

Domestic
Eastern China (Shanghai): 3,680-3,700 yuan ($537-540) per tonne, unchanged
Northern China (Beijing) weekly assessment: 3,630-3,660 yuan per tonne, down by 30 yuan per tonne
Rebar futures rose amid support from higher production costs and market participants’ expectations for stronger demand in September and October.

Meanwhile, billet prices fell sharply this week, with...

Published

Jessica Zong

September 11, 2020

09:54 GMT

Shanghai