CHINA REBAR: November construction index up to 60.5%

China’s domestic rebar prices dropped on Monday November 30 following futures losses but participants were optimistic due to the positive data from the downstream sector.

Eastern China (Shanghai): 4,060-4,090 yuan ($616-621) per tonne, down by 30 yuan per tonne
The construction business activity index was 60.5% in November, up by 0.7 points from October, National Bureau of Statistics (NBS) data showed.

Market participants expect rebar demand from construction sites to remain...


Jessica Zong

November 30, 2020

09:48 GMT