CHINA HRC: Exporters insist on higher prices despite slight drop in domestic market

China’s hot-rolled coil exporters were insisting on higher offer prices on Thursday March 7 despite the slight drop in the domestic spot market, with most sellers feeling little need to export.

Domestic Eastern China (Shanghai): 3,820-3,840 yuan ($569-572) per tonne, down 20 yuan per tonne Northern China (Tianjin): 3,750-3,770 yuan per tonne, down 20 yuan per tonne Shanghai sellers began the trading day offering at around 3,820 yuan per tonne, but in the afternoon lifted their prices to 3,840 yuan per tonne following a rally in the futures market in the wake of data showing a drop in domestic inventories. Buyers were willing to take the...

Published

Miranda Song

March 07, 2019

09:25 GMT

Shanghai