CHINA HRC: Rising futures boost spot prices

China’s hot-rolled coil prices edged up on Wednesday January 8 on rising futures, with exporters sticking to their offers.

Eastern China (Shanghai): 3,880-3,920 yuan ($558-564) per tonne, widened upward by 10 yuan per tonne
Northern China (Tangshan): 3,630 yuan per tonne, up 10 yuan per tonne
A trader in Shanghai said that the gains in the futures market improved investor sentiment, which bolstered spot prices.

But trading activity in eastern China was reported as just moderate, with more and...


Miranda Song

January 08, 2020

10:04 GMT