CHINA HRC: Stronger yuan supports export prices

China’s hot-rolled coil exporters kept their offers high on Friday January 11 on a strengthening of the Chinese yuan, though domestic prices showed some weakness.

Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($533-537) per tonne, widening downward by 20 yuan per tonne Northern China (Tianjin): 3,620-3,630 yuan per tonne, unchanged Prices in Shanghai fell to around 3,620-3,630 yuan per tonne late in the morning due to weakening demand, but climbed back up to 3,640-3,650 yuan per tonne in the afternoon on gains in the futures market, a Hangzhou-based trader said. He noted that downstream demand was showing signs of declining further with temperatures continuing to fall in the northern...


Miranda Song

January 11, 2019

10:25 GMT