CHINA HRC: Prices dip amid expected supply rise

China’s hot-rolled coil prices dipped on Wednesday March 27 amid subdued sentiment, with market participants expecting supply to pick up with the lifting of winter production restrictions in April.

Domestic Eastern China (Shanghai): 3,850-3,860 yuan ($573-575) per tonne, narrowing downward 10 yuan per tonne Northern China (Tianjin): 3,790-3,800 yuan per tonne, down 10 yuan per tonne Trading activity was moderate during the day, with demand being described as “still weak,” a Shanghai-based trader said. The day’s slight drop in prices was due to expectations among market participants that supply would rise soon. Supply and demand...

Published

Miranda Song

March 27, 2019

10:47 GMT

Shanghai