CHINA HRC: Buyers snap up low-priced export cargoes

China’s hot-rolled coil export market continued to strengthen on Wednesday February 28 with buyers rushing to snap up whatever lower-priced materials they could get their hands on.

Domestic
Eastern China (Shanghai): 4,150-4,170 yuan ($657-660) per tonne, down by 20 yuan per tonne
Northern China (Tianjin): 4,090-4,110 yuan per tonne, down by 10-20 yuan per tonne
HRC futures lost their upward momentum after two days of gains, which cooled sentiment in the spot market, resulting in a slight price drop during the day, according to market participants.
Export

Metal...

Published

Gladdy Chu

February 28, 2018

09:27 GMT

Shanghai