CHINA REBAR: Rising demand pushes eastern prices up

Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.

Domestic
Eastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonne
Northern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonne
Buyers raised procurement rates on Friday to stock rebar for consumption during the weekend, pushing up prices.

Some...

Published

Jessica Zong

August 20, 2021

10:25 GMT

Shanghai