DAILY: China's rebar prices jump on better sentiment

China's rebar prices in both spot and futures markets expanded the recent rally on April 16, while spot transactions of constructions steel including rebar also picked up further the same day amid a brisk trading sentiment.

Domestic ferrous futures posted gains across the board on Thursday, with the most-traded rebar October contract on the Shanghai Futures Exchange closing up 1% from the prior day's settlement price at Yuan 3,133/tonne ($459/t), the bourse's data showed. Amid the bullish sentiment, five steelmakers in South and North China raised their list prices