Description
The Futures Closing Price (Main) for Rebar is published by various commodity exchanges, such as the Shanghai Futures Exchange (SHFE). This indicator is crucial for assessing the market price trends and volatility of rebar, a key material in construction. It helps in determining the market sentiment and future price expectations. High closing prices can indicate strong demand or supply constraints, while low prices may suggest weak demand or oversupply.
The closing price is the final price at which a futures contract is traded on a given trading day. It is determined by the last transaction conducted during the regular trading hours of the exchange.
The data is updated daily at the end of each trading session, reflecting the closing price of the main futures contract for rebar.