CHINA HRC: Thin trading sends prices lower

China’s hot-rolled coil prices continued to fall on Wednesday August 21 due to thin trading despite gains in the futures market later in the day.

Domestic
Eastern China (Shanghai): 3,690-3,710 yuan ($523-526) per tonne, down 20-30 yuan per tonne
Northern China (Tangshan): 3,700 yuan per tonne, down 20-30 yuan per tonne
Spot prices dropped after mills lowered their offers by 30-50 yuan per tonne in response to sparse trading over the past few days.
Trading activity remained thin in the morning amid a declining futures market, which sent prices to around 3,690 yuan per tonne in Shanghai.

An...

Published

Miranda Song

August 21, 2019

11:27 GMT

Shanghai