Home / Metal News / Lead / Rebar Prices in Electronic Trading Up, Transactions Vary by Region
Rebar Prices in Electronic Trading Up, Transactions Vary by Region
Mar 22,2013 11:45CST
industry news
Source:SMM
RB 1306 contract price increased to around RMB 3,930/mt on Thursday, and transactions in east China were better than south China.

SHANGHAI, Mar. 22 (SMM) – RB 1306 contract price increased to around RMB 3,930/mt on Thursday, and transactions in east China were better than south China.

Rebar prices in east China increased much slower than those in south China recently, with prices in south China edging up since Tuesday, while prices east China remained little changed. Downstream enterprises in east China only watched on the sideline due to the standstill in prices, so buyers chose to purchase in spot market with prices in electronic trading exceeding spot prices. In south China, by contrast, downstream buyers purchased in large amounts earlier when prices edged up, leaving trading modest. However, demand in both regions was still recovering modestly, which will give little support to prices.
 

RB 1306 contract
rebar prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news