DAILY: China's rebar market gains momentum amid better sentiment

China's rebar market gathered up steam on December 18, with noticeable increases in both spot and futures rebar prices. Meanwhile, spot trading for construction steel items including rebar also edged up further on the same day.

Futures prices of major ferrous commodities in China posted broad gains on Thursday, with main contracts of coke and coking coal on the Dalian Commodity Exchange hiking by 5.39% and 6.07% respectively in the daytime trading, while the most-traded rebar futures contract for next May delivery on the Shanghai