DAILY: China rebar price grows further to 4-month high
Jun 02, 2020 10:30
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China's national price of the HRB 400 20mm dia rebar grew for the third working day on Monday, up Yuan 42/tonne ($5.9/t) from last Friday to Yuan 3,828/tonne including the 13% VAT. It is the highest record after the Chinese New Year holiday, according to Mysteel’s data.
On the same day, rebar prices in the futures market also saw
a significant increase, boosting the market sentiment. As of June 1, the
most-traded rebar contract on the Shanghai Futures Exchange for deliveries in
October closed the daytime session at Yuan 3,577/t, gaining Yuan 44/t from the
settlement price on last Friday.