CHINA HRC: Domestic prices rise again on futures market gains

China’s domestic hot-rolled coil prices maintained their upward momentum on Wednesday May 16 on gains in the futures market.

Domestic Eastern China (Shanghai): 4,230-4,250 yuan ($665-668) per tonne, up 10 yuan per tonne Northern China (Tianjin): 4,080-4,100 yuan per tonne, up 10 yuan per tonne The most-traded October HRC futures contract traded higher than Tuesday’s settlement price of 3,782 yuan per tonne for most of the day’s trading hours, which kept sentiment...

Published

Jessica Zong

May 16, 2018

11:07 GMT

Shanghai