CHINA HRC: Prices weaken in moderate trading

China’s hot-rolled coil prices weakened on Wednesday November 27, with trading being moderate.

Domestic
Eastern China (Shanghai): 3,690-3,720 yuan ($525-530) per tonne, widening downward by 10 yuan per tonne
Northern China (Tangshan): 3,630-3,640 yuan per tonne, down 10-20 yuan per tonne
Although prices in the east of the country remained largely stable, a source there said that was partly because of slow logistics, which made goods hard to reach.

In the north, however, a source there...

Published

Miranda Song

November 27, 2019

09:40 GMT

Shanghai