CHINA HRC: Domestic market unchanged despite rebounding futures

China’s domestic market for hot-rolled coil held steady ahead of the weekend despite a rebound in the futures market after three days of weakness.

Eastern China (Shanghai): 4,300-4,320 yuan ($650-653) per tonne, unchanged
Northern China (Tianjin): 4,290-4,310 yuan per tonne, unchanged
The rebound in the paper market failed to raise spot prices, but buying interest picked up, which resulted in higher trading activity during the day, according to market participants.

Prices are up by 70-80 yuan...


Gladdy Chu

December 15, 2017

09:47 GMT