CHINA HRC: Weak overseas demand weighs on export prices despite domestic gains

China’s export prices for hot-rolled coil fell on Tuesday October 9 after sellers lowered their offers amid buyers’ bearish expectations, though the country’s domestic market posted some gains on steady demand.

Domestic Eastern China (Shanghai): 4,250-4,270 yuan ($615-618) per tonne, up 20-30 yuan per tonne Northern China (Tianjin): 4,150-4,160 yuan per tonne, up 10 yuan per tonne Domestic prices rose during the day on relatively steady demand, though trading activity dipped in comparison with a day earlier, several sources told Fastmarkets MB. This is because there were more buyers in urgent need of materials on Monday, the first trading day after China’s Golden Week, since some of them had continued operating during the break last week. Though...

Published

Miranda Song

October 09, 2018

11:10 GMT

Shanghai