CHINA HRC: Softening domestic prices weigh on export offers

China’s domestic hot-rolled coil prices retreated on Tuesday August 20, which led some producers to lower their export offers to secure more orders by the end of the month.

Domestic Eastern China (Shanghai): 3,720-3,730 yuan ($528-529) per tonne, down 10 yuan per tonne Northern China (Tangshan): 3,720-3,730 yuan per tonne, widening downward by 10 yuan per tonne Spot prices retreated after trading activity thinned in comparison with a day earlier, with fewer buyers in the eastern region being willing to pay high prices on seeing the decline in the futures market. Buyers in the north were also reluctant to pay too high an ex-works price...

Published

Miranda Song

August 20, 2019

11:12 GMT

Shanghai