CHINA HRC: Short-selling export traders see gains amid falling prices

Chinese hot-rolled coil export traders profited from short-selling as mills started accepting lower prices on Thursday May 23, while the domestic market remained largely stable.

Domestic Eastern China (Shanghai): 4,030-4,050 yuan ($583-586) per tonne, narrowing upward 10 yuan per tonne Northern China (Tianjin): 3,910-3,920 yuan per tonne, narrowing from both ends Prices were largely stable on Thursday with mills keeping offer prices steady, but trading activity dropped following lower futures prices. This dampened prices in some regions. The dominant traded price in Tianjin was 3,920 yuan per tonne, although...

Published

Miranda Song

May 23, 2019

11:10 GMT

Shanghai