China rebar futures rise after central bank announces support for housing starts

China’s most-traded May rebar futures contract on the Shanghai Futures Exchange increased on Tuesday January 25, after the People’s Bank of China (PBOC) said it would support reasonable financing in the housing industry.

But spot prices fell due to weaker demand, with activity slowing down ahead of the Chinese Lunar New Year celebrations.

Eastern China (Shanghai): 4,700-4,740 yuan ($742-748) per tonne, unchanged


Jessica Zong

January 25, 2022

09:46 GMT