CHINA REBAR: Domestic prices surge to 2-year highs

China’s domestic rebar prices moved up further on Tuesday November 17 on strong demand to reach their highest since November 2018.

Domestic
Eastern China (Shanghai): 4,130-4,160 yuan ($627-632) per tonne, up by 50 yuan per tonne
Buyers raised their procurement rates amid a strengthening futures market during the day, which pushed up rebar prices.

Sellers’ rebar stock is also decreasing on good end-user demand, which encourages the former to...

Published

Jessica Zong

November 17, 2020

10:08 GMT

Shanghai