CHINA REBAR: Rising futures halt price decline

China’s domestic rebar prices stopped falling on Friday October 16 amid recovering futures.

Domestic
Eastern China (Shanghai): 3,680-3,710 yuan ($546-551) per tonne, unchanged
Northern China (Beijing) weekly assessment: 3,630-3,680 yuan per tonne, unchanged
Rain in eastern China caused end-user demand to drop and transportation to be delayed during the day, but gains in the futures market gave support to spot rebar prices.

Prices in the eastern region ended the week 10 yuan per...

Published

Jessica Zong

October 16, 2020

09:30 GMT

Shanghai