CHINA HRC: Prices soften on futures losses, new capacity concerns

China’s domestic hot-rolled coil prices dipped on Thursday April 18, following a drop in the futures market, although export prices were little changed amid sparse trading.

Domestic Eastern China (Shanghai): 3,970-3,980 yuan ($593-595) per tonne, down 20 yuan per tonne Northern China (Tianjin): 3,910-3,920 yuan per tonne, down 20 yuan per tonne Trading was thinner on Thursday than during the previous day, with a Hangzhou-based trader saying buyers were holding wait-and-see positions as futures prices dropped. The drop in futures was a result of the weakening sentiment since yesterday, with some participants betting the price rally in...

Published

Miranda Song

April 18, 2019

10:53 GMT

Shanghai