CHINA HRC: Mills raise export prices on stronger domestic market

China’s hot-rolled coil producers raised export prices on Tuesday June 25 amid continual gains in the domestic market.

Domestic Eastern China (Shanghai): 3,910-3,920 yuan ($568-570) per tonne, up 10-20 yuan per tonne Northern China (Tianjin): 3,850-3,860 yuan per tonne, up 10-20 yuan per tonne Prices rose further during the day with more and more participants becoming more bullish about the market. The price gains in the morning, especially in Shanghai, were mostly due to futures companies betting on a widening of the gap between spot and futures prices in the...

Published

Miranda Song

June 25, 2019

11:15 GMT

Shanghai