CHINA REBAR: Trading activity rises on rebounding futures

May 16, 2019 / www.metalbulletin.com / Article Link

China's domestic rebar prices regained some losses on Wednesday May 15 amid a pick-up in trading activity after futures rebounded.

Domestic Eastern China (Shanghai): 4,000-4,010 yuan ($582-583) per tonne, narrowing from 3,990-4,040 yuan per tonneNorthern China (Beijing): 3,930-3,980 yuan per tonne, up 20 yuan per tonneA Shanghai-based trader said trading activity during the day was better than on Tuesday after sentiment improved on gains in the futures market.She expects demand to remain steady until the rainy...

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