Rebar prices in the Chinese market on September 12

Comments today (Date：12/09/2023)

China Spot Market Dynamics:
Today, the average price of 20mm level three earthquake-resistant rebar in 31 major cities in China was US$521.39/ton, up US$0.14/ton from the previous trading day; the Shanghai Rebar USD Pricing Index closed at 511.03, up 0.25%. In the morning, rebar futures fluctuated strongly driven by rising raw material prices. The spot quotations in the market are mainly stable, the market sentiment is improving, and the trading atmosphere is slightly active. From the perspective of transactions, market demand is in the stage of slow recovery, and transactions have increased significantly compared with the previous trading day. It is comprehensively expected that the national building materials market prices will fluctuate strongly today.

1. The weight of rebar and round steel(>8mm) in the above price list is theoretically calculated, and the weight of rebar coil(8mm) is weighed.
2. The sizes in the list are the sizes of commonly used steel bars, usually there are abundant steel bar products with a diameter of 6mm-40mm in the Chinese market.
3. The above prices are ex-factory prices including tax, and there will be a small delivery fee when the customer picks up the goods. Does not include freight.
4. Unless otherwise specified, the price of rebar in the above table is for 9-meter-length products.
5. Domestic and international materials (grades) are the most similar specifications selected based on public data, which does not mean that the corresponding materials (grades) are completely consistent.
6. If you need to inquire about Chinese products produced according to international production standards, you can submit an RFQ, and the customer service will provide manual feedback.

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