UTC+8 ( BJT)

WEEKLY: SHFE rebar rises on firm fundamentals

The closing price of the most-traded rebar contract on the Shanghai Futures Exchange for January delivery jumped by Yuan 133/tonne ($19/t) on week to Yuan 3,545/t as of November 15.
During the week, rebar futures climbed rapidly over four days from Tuesday to Friday, with trading activity spurred by several positive factors which improved spot market fundamentals. These included newly released information on output restrictions for winter, the slow recovery in steel output, and the steady contraction of stocks, all


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