CHINA HRC: Pick-up in trading activity provides some support to prices

A slight increase in trading activity in northern China led to prices for hot-rolled coil edging up on Wednesday August 7, while those in the eastern region were supported by a trading spurt in the latter half of the day.

Domestic Eastern China (Shanghai): 3,690-3,700 yuan ($524-525) per tonne, unchanged Northern China (Tangshan): 3,740 yuan per tonne, up 10 yuan per tonne A Shanghai-based trader said that he struggled to sell in the morning, even at prices as low as 3,690 yuan per tonne. But in the afternoon, a few buyers rushed to place orders, even when sellers asked for 3,700 yuan per tonne, he said. Prices in Shanghai are among the lowest across...

Published

Jessica Zong

Miranda Song

August 07, 2019

11:33 GMT

Shanghai