CHINA REBAR: Domestic prices hit new high, sentiment less bullish

China’s domestic rebar prices increased again on Thursday April 22, hitting a new 12-year high following futures gains - although market participants remain unconvinced there will be any further price rises.

Eastern China (Shanghai): 5,070-5,100 yuan ($776-780) per tonne, up by 30 yuan per tonne
Prices broke the recent record of 5,050-5,090 yuan per tonne achieved on April 6.

Rebar futures picked up after the...


Jessica Zong

April 22, 2021

08:22 GMT