CHINA HRC: Prices losing upward momentum amid thin trading

Trading activity dropped in China’s hot-rolled coil market on Tuesday September 10 after sellers tried raise prices in the morning.

Domestic
Eastern China (Shanghai): 3,700-3,720 yuan ($519-522) per tonne, up 10 yuan per tonne
Northern China (Tangshan): 3,620-3,630 yuan per tonne, unchanged

While sellers in Shanghai were able to conclude some transactions at around 3,720 yuan per tonne in the morning, this was no longer the case on the afternoon. Prices fell to around 3,700...

Published

Miranda Song

September 10, 2019

10:56 GMT

Shanghai