CHINA REBAR: Prices edge up on increased demand

November 05, 2020 / www.metalbulletin.com / Article Link

China's domestic rebar prices edged up on Wednesday November 4 amid increased demand brought about by futures strength.

Domestic
Eastern China (Shanghai): 3,830-3,850 yuan ($573-576) per tonne, up by 10-20 yuan per tonne

End users raised their procurement rates after becoming concerned about possible price increases upon seeing gains in the futures market, while some trading houses were also heard to have replenished their inventories though the tonnages involved were not large,...

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