CHINA HRC: Mills' willingness to export grows

China’s export prices for hot-rolled coil continued to drop on Monday July 9 with Chinese mills shifting their focus overseas following the yuan’s recent depreciation, though the domestic market recovered some losses during the day.

Eastern China (Shanghai): 4,200-4,220 yuan ($632-635) per tonne, up 10-20 yuan per tonne
Northern China (Tianjin): 4,090-4,120 yuan per tonne, up 10-20 yuan per tonne
Domestic prices rebounded on Monday amid a rally in the futures market. Trading activity was especially high in the morning, a Tangshan-based trader said.

The rebound was also attributed to a number of buyers returning to the market after prices had fallen by 70-80 yuan per tonne last...


Miranda Song

July 09, 2018

11:11 GMT