CHINA HRC: Mills keep asking prices high despite low demand

China’s HRC prices slightly changed on Tuesday July 17, with mills insisting to offer high prices despite low demand, sources told Metal Bulletin.

Domestic
Eastern China (Shanghai): 4,250-4,270 yuan ($635-638) per tonne, narrowing down 10 yuan per tonne
Northern China (Tianjin): 4,170-4,180 yuan per tonne, narrowing upward 10 yuan per tonne
Mills have been keeping prices high “although they seem to be receiving fewer orders than before,” a Shanghai-based trader said.

While domestic mills previously needed around 20 days for delivery, “they now need...

Published

Miranda Song

July 17, 2018

12:45 GMT

Shanghai