CHINA HRC: Prices flat but upside expected for export market

China’s hot-rolled coil market was largely steady on Monday November 5, but expectations have emerged for some upward momentum in the export segment as soon as prices bottom out.

Domestic Eastern China (Shanghai): 4,030-4,040 yuan ($584-586) per tonne, narrowing downward by 10 yuan per tonne Northern China (Tianjin): 4,030-4,040 yuan per tonne, unchanged Prices in both major trading regions in China were largely stable during the day amid moderate trading activity. A trader in Shanghai told Fastmarkets MB that downstream buyers typically restocked on Mondays and Fridays. In the city, some of the buying and selling were diverted to the neighboring Jiangsu province due to the China International Import Expo, which started on Monday. Construction projects in regions surrounding the expo in Shanghai...

Published

Miranda Song

November 05, 2018

10:06 GMT

Shanghai