CHINA HRC: Prices weaken on rising supply

China’s hot-rolled coil prices slid on Tuesday November 26, with buyers not in a rush to restock amid rising supply.

Domestic
Eastern China (Shanghai): 3,700-3,720 yuan ($526-529) per tonne, down 10-20 yuan per tonne
Northern China (Tangshan): 3,640-3,660 yuan per tonne, down 10-30 yuan per tonne
A Shanghai-based trader said trading overall thinned on Tuesday, with losses in the futures market helping to dampen sentiment.

"Demand as a whole has been relatively strong – although it is to fall soon amid colder weather –...

Published

Miranda Song

November 26, 2019

10:08 GMT

Shanghai