CHINA HRC: Prices rebound on renewed impetus in US-China trade talks

China’s hot-rolled coil prices rebounded on Wednesday June 19, after weeks in a downturn, boosted by hopes of an end to the trade dispute between China and the United States.

Market participants grew more optimistic after reports of a telephone conversation between the presidents of the two countries. Domestic Eastern China (Shanghai): 3,770-3,780 yuan ($545-546) per tonne, up 30-40 yuan per tonne Northern China (Tianjin): 3,760-3,770 yuan per tonne, up 20 yuan per tonne Spot prices across China improved after a rebound in the futures market led to a pick-up in...

Published

Miranda Song

June 19, 2019

10:52 GMT

Shanghai