CHINA HRC: Exporters achieve higher prices even as domestic market weakens

China’s hot-rolled coil exporters achieved higher prices on Tuesday December 24, bolstered by overseas buyers’ willingness to pay more for material, even as weakness prevailed in the domestic market, sources said.

Eastern China (Shanghai): 3,900-3,910 yuan ($556-558) per tonne, unchanged
Northern China (Tangshan): 3,630-3,640 yuan per tonne, down 10 yuan per tonne
Spot prices in Shanghai were stable, but trading was thinner than yesterday, a Shanghai-based trader said.
This led to a slight drop in prices for northern China-based mills, which had to accept lower levels to boost trading.

Market participants believe prices in eastern...


Miranda Song

December 24, 2019

10:06 GMT