China's HRC export prices narrow upwards as domestic market softens

China’s export prices for hot rolled coil appear to have hit a ceiling after six weeks of increases, as the country’s domestic market cools down.

Metal Bulletin’s assessment of prices for September shipments of commercial-grade, boron-containing SS400 HRC was $495-505 per tonne fob for the week ended Tuesday July 25, narrowing upwards by $17 per tonne from a week ago.
On Tuesday, domestic prices for HRC in Shanghai were at 3,750-3,780 yuan ($555-560) per tonne, down 20-30 yuan ($3-4.40) per tonne from a week ago. This compares with a steep increase of 100-120 yuan ($14.80-17.70) per tonne in the preceding week.

However,...

Published

Gladdy Chu

July 25, 2017

10:30 GMT

Shanghai