CHINA HRC: Rebounding futures boost domestic prices

China’s domestic hot-rolled coil prices bounced back on Tuesday June 11 amid robust trading supported by rebounding futures.

Eastern China (Shanghai): 3,840-3,850 yuan ($554-556) per tonne, up 20-30 yuan per tonne
Northern China (Tianjin): 3,780-3,800 yuan per tonne, up 40-50 yuan per tonne
Trading activity rose during the day amid gains in the futures market, in contrast with the subdued buying over the last few days.

A Hangzhou-based trader said buyers...


Miranda Song

June 11, 2019

12:07 GMT