China's domestic rebar prices increased sharply on Monday November 9 to their highest since December 2019 on rising futures.
Domestic
Eastern China (Shanghai): 4,030-4,060 yuan ($609-614) per tonne, up by 140 yuan per tonne
Stock and commodity markets in China strengthened during the day amid a bigger appetite for higher-risk investments among punters following the outcome to the United States presidential election that saw Joe Biden defeat incumbent Donald Trump.
Spot rebar sellers raised their...