Tag: chinese rebar
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Chinese Rebar Future Contract Up by 2.8%
Most traded May’16 Chinese rebar contract on Shanghai Futures Exchange has increased by 2.8% to RMB 1,744/MT (USD 269/MT), after reaching to RMB 1,757/MT earlier, which was the highest level since 17 Nov’15. Index has increased due to downfall in rebar stock by 0.8% W-o-W to 3.65 MnT in 28 major Chinese cities, as per…