CHINA HRC: Prices stable on improving sentiment

China’s hot-rolled coil prices were stable on Thursday June 20 amid a pick-up in sentiment following futures gains and more expensive iron ore, even though downstream demand has not shown any significant improvement.

Domestic Eastern China (Shanghai): 3,770-3,780 yuan ($546-547) per tonne, unchanged Northern China (Tianjin): 3,760-3,780 yuan per tonne, widening upward 10 yuan per tonne Prices were largely stable nationwide with trading activity moderate. Sentiment has picked up a bit after futures gains since yesterday, a Hangzhou-based trader said. Meanwhile, some participants have started to believe HRC prices will not drop significantly given raw materials such as iron ore are expected to gain...

Published

Miranda Song

June 20, 2019

11:07 GMT

Shanghai