DAILY: China's rebar market rallies further on better sentiment

China's rebar market continued its uptrend on December 1, with both spot and future rebar prices jumping higher amid bullish market sentiment. Meanwhile, trading volume of construction steel products including rebar in the physical market also surged on the same day.

On the macro front, most market participants maintained strong expectations for new supportive measures and policies to be introduced from China's Central Economic Work Conference in mid-December. In addition, mounting expectations for a Fed interest rate cut in December also buoyed overall market sentiment, Mysteel Global noted. As such, futures