CHINA HRC: Overseas buyers warming up to higher prices

Overseas buyers have become more willing to pay for Chinese hot-rolled coil, although China’s domestic market experienced some weakness on Thursday January 9.

Domestic
Eastern China (Shanghai): 3,880-3,920 yuan ($559-564) per tonne, unchanged
Northern China (Tangshan): 3,620-3,630 yuan per tonne, widened downward by 10 yuan per tonne
Transactions in Shanghai were largely concluded at 3,900-3,920 yuan per tonne, while some smaller-gauge products fetched lower prices because of rising supply.

These smaller-gauge products fetched higher prices previously, which resulted in more orders being placed for them. But the increased demand had in turn led to mills producing more of such...

Published

Miranda Song

January 09, 2020

10:34 GMT

Shanghai