CHINA HRC: Prices fluctuate amid thin trading, inventory drop

China’s domestic hot-rolled coil prices widened on Thursday September 12, having fallen earlier in the day due to lower offers before rising in the latter half on rising futures.

Domestic Eastern China (Shanghai): 3,680-3,710 yuan ($517-521) per tonne, widened by 10 yuan per tonne on both ends Northern China (Tangshan): 3,600-3,630 yuan per tonne, widening upward by 10 yuan per tonne In Shanghai, few buyers were willing to procure materials in the morning, which led sellers to price cargoes at around 3,680 yuan per tonne. But in the afternoon, trading picked up after HRC futures rose in response to data showing a drop in spot market supply, a trader based in the city said. Chinese spot markets’ HRC inventory levels are down 35,600 tonnes over the...

Published

Miranda Song

September 12, 2019

11:41 GMT

Shanghai