CHINA HRC: Rising futures boost buying activity, prices in Shanghai

Eastern China’s domestic prices for hot-rolled coil continued to pick up strength on Wednesday July 17, while those in the northern region held steady.

Domestic Eastern China (Shanghai): 3,890-3,910 yuan ($566-569) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,850-3,860 yuan per tonne, unchanged Rising futures stimulated trading in the spot market in eastern China, resulting in more buying being done compared with Tuesday. Demand in northern China remained subdued with stockists in other markets not placing any orders there in the absence...

Published

Jessica Zong

Miranda Song

July 17, 2019

11:32 GMT

Shanghai