WEEKLY FUTURES WRAP: Rebar futures defy physical pricing

摘要

London—Rebar pricing on the London Metal Exchange last week diverged from prices in the physical market as financial market players took a more bullish stance on price developments. Prices for August rebar futures on the LME Friday were up more than $7/ mt week on week, despite physical prices rangebound between $455/mt and $460/mt, increasing the futures-spot market spread.