CHINA REBAR: Domestic prices rebound on futures gains

By Jessica Zong / January 17, 2018 / www.metalbulletin.com / Article Link

China's domestic rebar prices bounced back on Wednesday January 17 amid gains in the futures market.

Domestic Eastern China (Shanghai): 3,740-3,800 yuan ($581-590) per tonne, up 30-40 yuan per tonne Northern China (Beijing): 3,770-3,800 yuan per tonne, up 20 yuan per tonne The benchmark May rebar futures contract traded at levels above Tuesday's settlement price of 3,814 yuan per tonne during most of the day, which stimulated buying interest. This led to a slight...

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