CHINA HRC: Stability expected ahead of Chinese New Year

China’s hot-rolled coil prices were largely stable on Thursday January 17, and market participants are expecting this stability to continue until the Chinese New Year on steady downstream demand.

Domestic Eastern China (Shanghai): 3,630-3,640 yuan ($537-538) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,590-3,650 yuan per tonne, widened 10-30 yuan per tonne Prices rose in Shanghai on robust downstream demand, a Hangzhou-based source told Fastmarkets MB. He said sentiment had improved after prices held steady in the last few weeks, which he attributed to steady end-user demand rather than speculators. Some end users have started to place orders for materials to be delivered in the middle or late...

Published

Miranda Song

January 17, 2019

10:10 GMT

Shanghai