CHINA HRC: Export prices expected to move higher on limited availability

China’s hot-rolled coil prices were flat domestically on Monday October 28, while some participants told Fastmarkets export prices would rise as mills shift allocation back to the domestic market amid stable prices.

Domestic Eastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchanged Northern China (Tangshan): 3,500 yuan per tonne, unchanged Domestic prices remained stable, with trading being moderate. A Shanghai-based trader said that was because inventory among mills remained thin after they lowered offers two weeks ago and won sufficient orders. Meanwhile demand remained stable, although it is expected to weaken in the coming months as winter approaches. Export Fastmarkets’ steel hot-rolled coil index export, fob main port China: $429.92 per tonne,...

Published

Miranda Song

October 28, 2019

09:15 GMT

Shanghai