CHINA HRC: Thin trading keeping market steady

China’s hot-rolled coil prices were largely stable on Friday August 10, with domestic prices remaining relatively high due to balanced supply and demand, while export prices could weaken as a result of sparse trading.

Domestic Eastern China (Shanghai): 4,280-4,300 yuan ($627-630) per tonne, unchanged Northern China (Tianjin): 4,210-4,220 yuan per tonne, narrowing downward 10 yuan per tonne Domestic prices have remained largely stable in recent days because supply and demand have been at a state of equilibrium, a Hangzhou-based source said. Although domestic prices for cold-rolled coil - the downstream product of HRC - have experienced a rebound, demand for the product has not improved significantly, he said. As such, market participants do not expect any significant...

Published

Miranda Song

August 10, 2018

11:21 GMT

Shanghai