CHINA REBAR: Rising futures halt price decreases

China’s domestic rebar prices stopped decreasing on Thursday January 21 amid higher trading activity and a strengthening futures market.

Domestic
Eastern China (Shanghai): 4,260-4,280 yuan ($659-662) per tonne, unchanged
China’s commodity futures, including the rebar contract, rose during the day in response to gains in the United States stock market on Wednesday, the inauguration of US President Joe Biden, an industry analyst said.

Buyers encouraged by the second day of gains in the futures...

Published

Jessica Zong

January 21, 2021

09:59 GMT

Shanghai