CHINA REBAR: Optimism over monetary policy stimulates domestic prices

June 19, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices edged up on Thursday June 18 amid rising futures following news about the Chinese government's plan to ease its monetary policy.

Domestic
Eastern China (Shanghai): 3,560-3,590 yuan ($502-506) per tonne, up by 10 yuan per tonne

The Chinese government intends to ease its monetary policy in the second half of this year to stimulate the country's economy, Premier Li Keqiang said Wednesday. This would entail measures such as the lowering of interest rates for loans...

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