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30 Sep
12:24

Chinese rebar holds before holiday

Chinese rebar market prices stabilised this week, and a small number of transactions were concluded by end-user buyers, Kallanish notes. In Shanghai on Wednesday afternoon, 20mm HRB400 rebar was trading at CNY 3,520-3,540/tonne ($517-520/t), flat from last week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for January 2021 closed at CNY 3,560/t, CNY 38/t higher compared with last Friday and CNY 24/t higher than Tues…
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