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Home / Metal News / Rebar Futures Grow, while Spot Prices Fall

Rebar Futures Grow, while Spot Prices Fall

Mar 14, 2023 17:29

Rebar futures fluctuated upward yesterday.

SHANGHAI, Mar 14 (SMM) - Rebar futures fluctuated upward yesterday. The spot prices moved rangebound within a narrow range. Some traders once lowered the quotes to stimulate the transactions.

On the supply side, the recent spot prices have grown, expanding the profit margins of BF mills and pushing up the production enthusiasm. The profits of EAF mills were at the break-even point. Some EAF mills are still expected to resume production. On the demand side, the overall transactions were good. The shipment of low-priced resources was smooth, while that of high-priced resources in some areas was restricted.

Spot

Futures

Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Industry SMM Comments

SMM Daily Comments (Apr 12): SHFE and LME Metals Diverged, Shanghai Gold Refreshed Two-year High

Data: SHFE, DCE market movement (Apr 12)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on April 12, 2023

Apr 12, 2023 16:10

Analysis

Data: SHFE, DCE market movement (Apr 12)

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SMM Comments Industry

Copper Prices Down On Rebounding US Dollar Index

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SMM Comments

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Mar 31, 2023 10:54

SMM Insight SMM Comments

Copper Prices Strengthened amid Falling US Dollar Index

Data: SHFE, DCE market movement (Mar 30)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on March 30, 2023

Mar 30, 2023 15:18

Analysis

Data: SHFE, DCE market movement (Mar 30)

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SMM Comments

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Analysis SMM Comments

SMM Daily Comments (Mar 22): Base Metals Closed Mixed, Silver Rose for 3 Consecutive Days

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SMM Aluminium Morning Comment (March 8, 2023)

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Rebar Futures Grow, while Spot Prices Fall

SMM Events & Webinars

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