CHINA REBAR: Prices rise on improving demand

China’s domestic rebar prices continued their upward trend on Tuesday July 6 on restocking demand, but end user demand soured, sources told Fastmarkets.

Eastern China (Shanghai): 4,950-4,980 yuan ($767-771) per tonne, up by 80 yuan per tonne
Trading houses raised their procurement rates on Monday to build up inventories in anticipation of lower production in the second half of 2021.

The gap of more...


Jessica Zong

July 06, 2021

08:45 GMT