CHINA HRC: Domestic prices down in wake of futures losses

China’s domestic prices for hot-rolled coil continued falling on Wednesday March 6 following downward moves in the futures market.

Domestic Eastern China (Shanghai): 3,840-3,860 yuan ($573-576) per tonne, down 10-20 yuan per tonne Northern China (Tianjin): 3,770-3,790 yuan per tonne, down 10 yuan per tonne Customers cut procurement rates after seeing the weak futures market. The most-traded May HRC contract was lower than Tuesday’s settlement price of 3,770 yuan per tonne in all trading hours on Wednesday, denting the spot market’s confidence. Traders have...

Published

Jessica Zong

March 06, 2019

09:00 GMT

Shanghai