China HRC: Exporters continue to lower prices on weak demand

China hot-rolled coil exporters continued to drop their offer prices, forced by overseas buyers who have been refraining from buying on bearish sentiment.

Domestic
Eastern China (Shanghai): 3,590-3,610 yuan ($517-520) per tonne, up 10 yuan per tonne
Northern China (Tianjin): 3,470-3,480 yuan per tonne, down 20 yuan per tonne
Although prices in eastern China picked up a bit on Friday as some downstream producers restocked ahead of the weekend, sources told Fastmarkets MB trading has been sparse with most participants being bearish on price trends.

Over the past week ended Thursday...

Published

Miranda Song

November 30, 2018

09:50 GMT

Shanghai