CHINA REBAR: Supply bottlenecks send prices upward

November 14, 2019 / www.metalbulletin.com / Article Link

China's rebar prices increased on Wednesday November 13 amid tightened supply caused by logistical bottlenecks, though market participants expect these to ease over the next few days.

DomesticEastern China (Shanghai): 3,780-3,830 yuan ($539-547) per tonne, up 80-90 yuan per tonneNorthern China (Beijing): 3,640-3,670 yuan per tonne, up 10-20 yuan per tonneA trader in Shanghai said that a lot of cargoes shipped there from other parts of the country were still in the city's ports due to transportation restrictions during the recently concluded China International Import Expo.This has resulted in a shortage of many specifications of rebar in...

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