CHINA HRC: Overseas buyers eyeing position cargoes amid domestic decline

A further weakening of China’s domestic hot-rolled coil prices on Monday June 10 led overseas buyers to bid lower for the product, resulting in sparse trading.

Domestic Eastern China (Shanghai): 3,810-3,830 yuan ($551-554) per tonne, down 20-30 yuan per tonne Northern China (Tianjin): 3,740-3,750 yuan per tonne, down 50 yuan per tonne Prices continued to drop during the day amid losses in the futures market. While mills lowered their offer prices by around 10 yuan per tonne over the weekend, transaction prices in eastern China fell by much...


Miranda Song

June 10, 2019

12:00 GMT