Chinese rebar futures get last-minute lift from RRR cut rumour
Dec 16, 2011 | 01:45 AM
Shanghai rebar futures lost just 0.1% on the week as market rumours that China will cut its bank reserve ratio for a second time this year saw the SHFE contract make a small rebound on Friday.
Shanghai futures exchange May rebar settled at 4,159 yuan ($648) per tonne on Friday, up 26 yuan from Thursday but down 6 yuan compared to a week ago.....
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