14
Jan
10:03
Chinese rebar declines despite futures boost
Chinese rebar prices diverged significantly in the spot and futures markets last week. Market trading was subdued and expectations were negative, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,610-4,630/tonne ($726-729/t), down by CNY 10/t from the previous Friday. On the Shanghai Futures Exchange on the same day, the May 2022 rebar contract closed at CNY 4,664/t, up by CNY 31/t compared with Thurs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous