CHINA REBAR: Prices up slightly, stimulating replenishment demand

China’s domestic rebar prices increased on Thursday June 24 in response to futures gains on Wednesday, stimulating demand for restocking, sources said.

Domestic
Eastern China (Shanghai): 4,820-4,850 yuan ($745-749) per tonne, up by 10-20 yuan per tonne
October rebar futures on the Shanghai Futures Exchanged increased on Wednesday night to trade as a high of 5,022 yuan per tonne, up by 88 yuan per tonne from the 3pm closing price of 4,934 yuan per tonne.

And in early trading on Thursday, they again...

Published

Jessica Zong

June 24, 2021

11:45 GMT

Shanghai