CHINA HRC: Exporters raise offers on high domestic prices

China’s hot-rolled coil exporters raised their offers on Friday December 13 amid a relatively strong domestic market, though prices in the later did not rise further during the day.

Eastern China (Shanghai): 3,880-3,890 yuan ($555-557) per tonne, unchanged
Northern China (Tangshan): 3,640-3,650 yuan per tonne, widening downward by 10 yuan per tonne
A Shanghai-based trader said trading activity in the eastern Chinese city had weakened slightly following losses in the futures market. But prices in the city remained high amid tight supply.
Trading activity in the north also weakened, which weighed on prices slightly.

A trader in northern China said this was due to some market participants refraining from buying in the spot market on seeing the declining...


Miranda Song

December 13, 2019

11:21 GMT