China HRC: Exporters aim to lift offers to test buyers' limits

China’s hot-rolled coil exporters are planning to offer much higher prices after a surge in the domestic market on Monday February 11 following global price gains in iron ore during the Lunar New Year festival break, market participants told Fastmarkets MB.

Domestic Eastern China (Shanghai): 3,870-3,890 yuan ($574-577) per tonne, up 90 yuan per tonne Northern China (Tianjin): 3,800-3,810 yuan per tonne, up 70-80 yuan per tonne Although trading was sparse today, with many traders remaining on holiday, prices rose sharply, driven by higher iron ore prices. Iron ore prices made big gains during the Lunar New Year holiday period, with the market expecting supply to shrink after the breach...

Published

Miranda Song

February 11, 2019

09:59 GMT

Shanghai