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.

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...


Jessica Zong

Miranda Song

July 17, 2019

11:32 GMT