China's domestic rebar prices moved up slightly on Wednesday September 4 on increased buying activity amid a strengthening of the futures market.
Domestic Eastern China (Shanghai): 3,630-3,660 yuan ($507-511) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, widened upward by 10 yuan per tonneRebar futures experienced a strong morning and rose to a high of 3,443 yuan per tonne within the first few hours of trading, which stimulated buying interest in the spot market.Some stockists actively sold rebar from their warehouses that they had bought late last...