CHINA HRC: Export segment turning into seller's market

Export prices for Chinese hot-rolled coil strengthened further on Wednesday November 6 amid rising domestic prices and higher bids emerging among overseas buyers.

Eastern China (Shanghai): 3,540-3,550 yuan ($505-506) per tonne, up 20-30 yuan per tonne
Northern China (Tangshan): 3,540 yuan per tonne, up 20 yuan per tonne
Sellers in eastern China raised their prices after mills in the northern region increased their offers.
The market remained active, with buyers being willing to pay higher prices.

A Tianjin-based trader believes prices would stay strong for a while longer before demand weakens...


Miranda Song

November 06, 2019

10:23 GMT