CHINA HRC: Exporters keep offers high

China’s hot-rolled coil exporters kept their offers high on Wednesday January 15 although the domestic market weakened, with most of them having secured sufficient numbers of orders amid a strengthening yuan.

Eastern China (Shanghai): 3,860-3,890 yuan ($559-564) per tonne, widening downward by 20 yuan per tonne
Northern China (Tangshan): 3,590 yuan per tonne, down 10 yuan per tonne
Prices in Shanghai were largely around 3,860-3,880 yuan per tonne, though some sizes of HRC that are short in supply were able to secure as high as 3,900 yuan per tonne, a Shanghai-based trader said.

Those in the north fell 10 yuan per tonne despite mills kept their offers stable with trading activity thinning by the day,” a trader in that region...


Miranda Song

January 15, 2020

10:30 GMT