CHINA HRC: Sentiment mixed after prices fall

Sentiment among participants in the Chinese hot-rolled coil market was mixed on Friday May 24 after prices dropped in the east of the country.

Domestic Eastern China (Shanghai): 4,010-4,020 yuan ($580-581) per tonne, down 20-30 yuan per tonne Northern China (Tianjin): 3,910-3,920 yuan per tonne, unchanged Trading in Shanghai was thinner than yesterday, even though many downstream companies normally restock on a Friday ahead of the weekend, a Shanghai-based trader said. The lack of buyer interest led to lower prices, he added. However, demand for HRC remains stable, insisted a second trader in Shanghai. “I had no difficulty selling my goods...

Published

Miranda Song

May 24, 2019

11:10 GMT

Shanghai