Mixed sentiment ends uptrend in China's domestic rebar prices

The recent upward trend in China’s domestic rebar prices came to a halt on Tuesday November 23, amid mixed market sentiment, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 4,710-4,750 yuan ($738-744) per tonne, unchanged
Iron ore futures picked up sharply on Tuesday, leading to bullish sentiment toward rebar futures, with some sellers in the spot market planning to raise their rebar offers, Fastmarkets understands.

The most-traded January iron ore futures contract on...

Published

Jessica Zong

November 23, 2021

09:05 GMT

Shanghai