CHINA HRC: Tight supply, new iron ore options push up prices

China’s hot-rolled coil prices regained some strength on Monday December 9 amid some supply tightness and an overall pick-up in trading activity in the ferrous market after the Dalian Commodity Exchange launched its iron ore options.

Eastern China (Shanghai): 3,810-3,820 yuan ($541-543) per tonne, up 50 yuan per tonne
Northern China (Tangshan): 3,670 yuan per tonne, up 40 yuan per tonne
Trading activity in the spot market increased amid rising futures following the launch of the exchange’s latest product.

Supply shortages have also been reported nationwide, particularly in the eastern region where a mill had...


Miranda Song

December 09, 2019

11:29 GMT