CHINA HRC: Prices fall on retreating futures, thinner trading

China’s hot-rolled coil prices dropped on Tuesday September 17, tracking a weakening futures market amid slower buying.

Domestic Eastern China (Shanghai): 3,690-3,700 yuan ($522-523) per tonne, down 20 yuan per tonne Northern China (Tangshan): 3,600-3,620 yuan per tonne, down 10-20 yuan per tonne HRC futures fell during the day, along with trading activity, which weighed on spot prices, a source in Shanghai said. A Tianjin-based trader meanwhile said the futures prices had fallen because trading activity in the spot...

Published

Miranda Song

September 17, 2019

11:01 GMT

Shanghai