CHINA HRC: Spot prices rise on tight supply

China’s hot-rolled coil prices regained more upward momentum on Monday November 18 on a drop in supply.

Eastern China (Shanghai): 3,610-3,630 yuan ($515-518) per tonne, up 20-30 yuan per tonne
Northern China (Tangshan): 3,570 yuan per tonne, up 10 yuan per tonne
Trading activity in both northern and eastern China remained robust during the day, with buyers still restocking amid short supply, sources said.
Spot prices rose as a result in spite of a drop in the futures market, which typically dampens sentiment.

Inventory levels across the country have been low for several weeks as...


Miranda Song

November 18, 2019

10:03 GMT