CHINA HRC: Domestic prices lose some ground on subdued futures

China’s domestic market for hot-rolled coil dipped on Wednesday December 13 after the paper market weakened further despite posting some gains earlier in the day.

Domestic
Eastern China (Shanghai): 4,300-4,320 yuan ($650-653) per tonne, down 10-20 yuan per tonne
Northern China (Tianjin): 4,290-4,310 yuan per tonne, down 20 yuan per tonne
HRC futures declined for a third consecutive day, which weighed on spot prices as well as trading volumes, according to market participants.

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Published

Gladdy Chu

December 13, 2017

10:08 GMT

Shanghai