CHINA HRC: Domestic prices rise on trading pick-up

China’s hot-rolled coil prices rose on Tuesday August 13 after trading picked up a day earlier, though some mills lowered their export offers in an attempt to secure sales.

Eastern China (Shanghai): 3,700-3,710 yuan ($525-526) per tonne, up 40 yuan per tonne
Northern China (Tangshan): 3,700 yuan per tonne, up 30-50 yuan per tonne
Mills in northern China raised their ex-works offers by around 30 yuan per tonne after buying activity strengthened on Monday in comparison with last Friday.
But on Tuesday, this activity slowed down, with fewer buyers being willing to meet sellers’ asking prices.

Several sources expect HRC prices to strengthen further...


Miranda Song

August 13, 2019

11:16 GMT