CHINA HRC: Export prices dip on persistently sparse trading

Exporters of Chinese hot-rolled coil lowered their prices slightly on Tuesday March 26 on sparse trading, while those in China’s domestic market were remained largely steady amid slowing downstream demand.

Domestic Eastern China (Shanghai): 3,850-3,870 yuan ($573-576) per tonne, unchanged Northern China (Tianjin): 3,800-3,810 yuan per tonne, narrowing downward 10 yuan per tonne While prices have been largely stable nationwide, trading activity has been persistently sparse on low demand, several sources said. A Hangzhou-based trader said downstream industries, especially the automotive sector, was experiencing a slowdown,...

Published

Miranda Song

March 26, 2019

10:05 GMT

Shanghai