CHINA REBAR: Prices edge up in northern region

October 30, 2018 / www.metalbulletin.com / Article Link

Rebar prices edged up in northern China on Monday October 29 on a slight buying blip while those in the eastern region were stagnant amid transportation restrictions.

Domestic Eastern China (Shanghai): 4,650-4,680 yuan ($669-674) per tonne, unchangedNorthern China (Beijing): 4,410-4,450 yuan per tonne, up 10 yuan per tonneRebar futures dropped during the day, but spot prices held up, with those in the northern region rising slightly after several end users raised their procurement rates.In eastern China, a ban on the transportation of construction materials remained in place ahead of the China International Import Expo over November...

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