CHINA HRC: Exporters willing to sell at lower prices despite rebounding domestic market

China’s domestic hot-rolled coil prices picked up some strength on Monday November 4 on robust trading activity after a stagnant week, though exporters appeared more willing to make concessions amid a pessimistic outlook for demand.

Domestic
Eastern China (Shanghai): 3,510-3,520 yuan ($499-500) per tonne, narrowing upward by 10 yuan per tonne
Northern China (Tangshan): 3,510 yuan per tonne, up 10 yuan per tonne
A Shanghai-based trader said demand was stable, which bolstered spot prices.
Logistics across China has slowed down after a highway bridge collapse in Wuxi, Jiangsu province was attributed to a truck transporting as many as six HRC.

While heavy trucks have been known to transport several coil - each typically weighing 20-30...

Published

Miranda Song

November 04, 2019

10:53 GMT

Shanghai