CHINA REBAR: Futures increase stimulates buying interest

China’s domestic rebar prices picked up on Wednesday June 9 as a result of futures gains leading to stronger demand, market sources said.

Eastern China (Shanghai): 4,960-5,000 yuan ($776-782) per tonne, up by 40-50 yuan per tonne
Rebar futures staged a slight rebound on Tuesday and Wednesday, following a large drop on Monday, which market participants said was a “reasonable price change”.

The recovery in futures prices encouraged spot rebar sellers to...


Jessica Zong

June 09, 2021

09:17 GMT