CHINA HRC: Prices withdraw on lower trading activity

China’s hot-rolled coil prices retreated on Wednesday April 10 with trading activity in the domestic market said to be at moderate levels.

Domestic Eastern China (Shanghai): 3,970-3,980 yuan ($591-593) per tonne, down 20 yuan per tonne Northern China (Tianjin): 3,930-3,940 yuan per tonne, down 10 yuan per tonne A Shanghai-based trader said buyers were only placing orders on an as-needed basis, rather than actively restocking, amid recent days’ high prices. As such, trading activity slid to moderate levels, with some market participants attributing recent...

Published

Miranda Song

April 10, 2019

11:05 GMT

Shanghai