CHINA HRC: Retreating futures cap price gains in eastern region

Hot-rolled coil prices rose in east China in the morning of Monday April 16 but ceded a lot of those gains in the afternoon following losses in the paper market.

Domestic Eastern China (Shanghai): 3,930-3,980 yuan ($626-634) per tonne, up 10-30 yuan per tonne Northern China (Tianjin): 3,870-3,890 yuan per tonne, unchanged Spot cargoes changed hands at 3,940-3,980 yuan per tonne in the first half of the day in Shanghai, but prices dropped to 3,930 yuan per tonne in the afternoon following weakness in the futures market, according to...


Gladdy Chu

Jessica Zong

April 16, 2018

10:27 GMT