CHINA HRC: Prices strengthen amid rising futures

China’s hot-rolled coil prices strengthened further on Tuesday February 26 despite moderate trading activity, with gains in the futures market in the afternoon providing a boost to the spot market.

Domestic Eastern China (Shanghai): 3,800-3,830 yuan ($567-572) per tonne, up 10-20 yuan per tonne Northern China (Tianjin): 3,740-3,770 yuan per tonne, widening upward by 20 yuan per tonne Sellers in Shanghai started selling at around 3,800-3,810 yuan per tonne in the morning. Trading activity was moderate but prices rose to 3,820-3,830 yuan per tonne in the afternoon, with some companies rushing into the market for materials amid gains in the futures market. Some traders returned to the spot...

Published

Miranda Song

February 26, 2019

09:50 GMT

Shanghai