CHINA HRC: Pace of price decline slows amid increase in trading

China’s export prices for hot-rolled coil declined at a slower pace on Tuesday March 13 with the domestic market appearing to regain some stability amid increased buying.

Domestic Eastern China (Shanghai): 3,940-3,960 yuan ($622-626) per tonne, narrowed downward by 20 yuan per tonne Northern China (Tianjin): 3,880-3,900 yuan per tonne, unchanged A pick-up in trading activity in both Shanghai and Tianjin minimized the downside for spot prices during the day, according to market participants. Export Metal Bulletin fob China HRC Index: $591.03 per tonne fob, down $1.75 per tonne A deal involving 2,000...

Published

Gladdy Chu

March 13, 2018

09:59 GMT

Shanghai