CHINA HRC: Securities traders bolster spot buying

China’s hot-rolled coil prices remained robust on Thursday December 4, partly because securities companies were buying spot goods to fulfil orders they had signed several weeks ago.

Eastern China (Shanghai): 3,770-3,800 yuan ($535-540) per tonne, widening upward by 20 yuan per tonne
Northern China (Tangshan): 3,640 yuan per tonne, unchanged
Spot prices in Shanghai narrowed upward, with inventory nationwide remaining low.

A domestic steel consultancy said that HRC inventory in the spot market totaled 1.76 million...


Miranda Song

December 05, 2019

10:11 GMT