CHINA REBAR: Price descent stops on news of national carbon trading scheme

China’s domestic rebar prices stopped falling on Wednesday June 23 on gains in the futures market following news that the country is one step closer toward a national scheme for the trading of carbon emission permits.

Domestic
Eastern China (Shanghai): 4,800-4,840 yuan ($741-747) per tonne, unchanged
The Shanghai Environment & Energy Exchange, China’s first trading platform for environmental and energy sectors, issued a set of guidelines for the trading of carbon emission allowances nationwide during the day.

While the exchange did not specify a starting date for a national trading scheme, market participants took it as...

Published

Jessica Zong

June 23, 2021

10:33 GMT

Shanghai