CHINA REBAR: Resumption of work in most regions push up futures prices, but spot remains weak

China's domestic rebar prices dropped further on Monday March 2, but futures picked up following news that most industry sectors in the country have resumed work.

Eastern China (Shanghai): 3,360-3,390 yuan ($482-486) per tonne, down 10 yuan per tonne
Northern China (Beijing): 3,260-3,290 yuan per tonne, down 60-70 yuan per tonne
More local governments have reported that various industries and projects have started working gradually over the weekend, supporting Monday's rebar futures.

In central China's Henan province, more than 90%...

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