CHINA REBAR: Futures contract loses early-hour gains on mixed market sentiment [CORRECTED]

The October rebar futures contract at the Shanghai Futures Exchange rose in the morning and dropped in the afternoon of Friday June 18 due to conflicting trends in the rebar market.

Domestic
Eastern China (Shanghai): 4,970-5,000 yuan ($771-776) per tonne, up by 50-60 yuan per tonne. 

Northern China (Beijing): 4,930-4,970 yuan per tonne, down by 140-150 yuan per tonne

The National Development and Reform Commission (NDRC) now requires local governments to run checks on construction projects with high energy consumption and high pollution, including steel capacity replacement projects, the committee said in a forum on carbon peak...

Published

Jessica Zong

June 18, 2021

14:52 GMT