CHINA HRC: Prices rise on increasing futures, stronger yuan

China’s hot-rolled coil prices picked up on Monday January 14 following increases in the futures market, while exporters kept their offers high amid a strengthening of the yuan.

Domestic Eastern China (Shanghai): 3,630-3,650 yuan ($537-540) per tonne, narrowing upward by 10 yuan per tonne Northern China (Tianjin): 3,630-3,650 yuan per tonne, up 10-20 yuan per tonne Prices rose nationwide during the day, but sources said downstream demand was still “not very robust” because more and more manufacturers were suspending their operations amid the deepening winter. Market participants expect prices to be even lower in the days to...

Published

Miranda Song

January 14, 2019

10:02 GMT

Shanghai