CHINA REBAR: Demand picks up ahead of weekend

China’s domestic rebar prices edged up on Friday June 4 on stronger demand ahead of the weekend, ending the week 200-yuan-per-tonne above the previous Friday’s close in the eastern region, sources said.

Eastern China (Shanghai): 5,030-5,060 yuan ($785-790) per tonne, widening upward by 10 yuan per tonne.
Northern China (Beijing) weekly assessment: 5,160-5,200 yuan per tonne, up by 160-170 yuan per tonne.

Futures prices gains and a drive to replenish inventories to meet the weekend’s demand led to...


Jessica Zong

June 04, 2021

10:56 GMT