CHINA REBAR: Price rise curbs stockists' demand

China's domestic rebar prices increased on Monday December 7 on futures gains and returning end-user demand but stockists' demand remained weak.

Domestic
Eastern China (Shanghai): 4,000-4,040 yuan ($612-618) per tonne, up by 30-40 yuan per tonne
The most-traded rebar futures contract changed to May from January on Monday and rose sharply amid active trading.

The trading volume was 10.93 million tonnes on Monday, up by 65% from 6.64 million tonnes last...

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