CHINA REBAR: Prices rally on RRR cut, but outlook remains pessimistic

July 13, 2021 / www.metalbulletin.com / Article Link

China's domestic rebar prices increased sharply on Monday July 12 following news that the People's Bank of China will cut the reserve ratio requirement (RRR) by 0.5 percentage points from July 15.

Domestic
Eastern China (Shanghai): 5,150-5,200 yuan ($796-803) per tonne, up by 130-150 yuan per tonne

The news that the RRR will be cut pushed rebar futures prices as high as 5,532 yuan per tonne on Monday, with spot market sellers following suit....

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok