DAILY: China's rebar prices, sales both tick up

China's rebar prices in both spot and futures markets continued to stage a mild recovery on October 12, while spot trading for construction steel products including rebar also ticked up the same day.

On Monday, Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,327/tonne ($497/t) including the 13% VAT, up by Yuan 5/t on day and extending the prior working day's Yuan 6/t uptick. In the derivatives market, key ferrous commodities – excluding iron ore - all posted moderate gains during Monday's daytime trading.