Eastern China rebar prices rise on possible loosening of real estate loans

Eastern China’s rebar prices increased slightly on Friday November 19 following futures’ gains due to heightened market expectations that banks will loosen loans to housing companies.

Domestic
Eastern China (Shanghai): 4,670-4,710 yuan ($732-738) per tonne, up by 10-20 yuan per tonne
Northern China (Beijing) weekly assessment: 4,440-4,480 yuan per tonne, down by 80-120 yuan per tonne

Market participants told Fastmarkets that the likelihood of banks increasing loans to housing companies rose in the week after the...

Published

Jessica Zong

November 19, 2021

12:21 GMT

Shanghai