CHINA REBAR: Prices rise on restocking demand

China’s domestic rebar prices maintained their upward trend on Monday July 26 on replenishment demand from trading houses, but end user demand remained weak, sources told Fastmarkets.

Eastern China (Shanghai): 5,340-5,370 yuan ($823-828) per tonne, up by 70-80 yuan per tonne
Trading houses purchased actively on Monday because they expect rebar prices to rise due to likely production restrictions.

A trader in...


Jessica Zong

July 26, 2021

09:45 GMT