China's rebar prices continued to gain on Monday December 30 following a rise in the futures market, which boosted trading in the east of the country.
Domestic
Eastern China (Shanghai): 3,680-3,720 yuan ($526-532) per tonne, up 40-50 yuan per tonne
Northern China (Beijing): 3,550-3,570 yuan per tonne, up 40-50 yuan per tonne
A Shanghai-based trader said sentiment in the spot market was lifted by steady futures gains, which motivated some buyers to be willing to pay more.
Trading...