CHINA HRC: Domestic market weakens further on tumbling futures

China’s domestic prices for hot-rolled coil fell for a second day on Thursday December 7 following the sustained decline in the paper market.

Domestic Eastern China (Shanghai): 4,220-4,250 yuan ($638-642) per tonne, down 60-70 yuan per tonne Northern China (Tianjin): 4,250-4,270 yuan per tonne, down 30 yuan per tonne HRC futures ceded more ground during the day, dragging down spot prices consequently. But trading activity appeared to have increased slightly compared with Wednesday when the market reached a deadlock,...

Published

Gladdy Chu

December 07, 2017

09:36 GMT

Shanghai