CHINA HRC: Domestic trading thins on subdued paper market

China’s hot-rolled coil prices gained some strength on Monday April 2 though trading thinned after the paper market lost its steam during the day.

Eastern China (Shanghai): 3,860-3,880 yuan ($615-618) per tonne, up 40 yuan per tonne
Northern China (Tianjin): 3,850-3,870 yuan per tonne, up 60 yuan per tonne
HRC prices increased after the futures contract for the flat steel product opened high. But trading activity in the spot market thinned after the paper market failed to maintain its upward momentum, sources said.

Market participants are...


Gladdy Chu

April 02, 2018

11:15 GMT