CHINA HRC: Exporters keep prices high despite thinner trading activity

China’s hot-rolled coil exporters kept their prices steady on Thursday February 28 although trading has been thinner this week, amid slight movements in the domestic market.

Domestic Eastern China (Shanghai): 3,810-3,840 yuan ($570-574) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,740-3,760 yuan per tonne, widening downward by 10 yuan per tonne In Shanghai, HRC was sold around 3,810-3,820 yuan per tonne in the morning amid thin trading. But in the afternoon, buyers were willing to pay up to 3,840 yuan per tonne following gains in the futures market. A Hangzhou-based trader said this was due to some companies selling in the futures market after prices rose to relatively high levels, and...

Published

Miranda Song

February 28, 2019

10:05 GMT

Shanghai