CHINA REBAR: Positive investment outlook sends prices upward

China’s domestic rebar prices increased sharply on Thursday February 18 amid optimism generated by the release of positive financial data.

Domestic
Eastern China (Shanghai): 4,450-4,480 yuan ($688-693) per tonne, up by 170-180 per tonne
A total of 3.58 trillion yuan worth of new bank loans were issued in China in January, up by 225 billion yuan (6.7%) from a year earlier and a record high.

The country’s total social financing in January was 5.17 trillion...

Published

Jessica Zong

February 18, 2021

09:49 GMT

Shanghai