China's domestic rebar prices edge up after central bank lowers mortgage rate

Some sellers in China’s domestic rebar market raised their prices on Monday May 16 after the People’s Bank of China lowered the minimum mortgage interest rate for some home buyers.

Eastern China (Shanghai): 4,880-4,930 yuan ($718-725) per tonne, widened upward by 20 yuan per tonne

Banks can lower the mortgage interest rate of first-time home buyers by...


Jessica Zong

May 17, 2022

02:40 GMT