CHINA HRC: Volatile futures dampen buying interest in spot market

China’s domestic prices for hot-rolled coil held steady on Thursday December 14 amid sparse trading against a backdrop of fluctuating futures during the day.

Domestic Eastern China (Shanghai): 4,300-4,320 yuan ($650-653) per tonne, unchanged Northern China (Tianjin): 4,290-4,310 yuan per tonne, unchanged Both the eastern and northern regions were inactive during the day with HRC futures experiencing big swings during morning trading. The paper market recovered some losses in the afternoon following the release of data by a local industry information provider showing week-on-week...

Published

Gladdy Chu

December 14, 2017

11:23 GMT

Shanghai