CHINA HRC: Cash shortage keeps trading activity thin

China’s hot-rolled coil prices fell in the northern region on Wednesday February 25 despite relative stability in the east, though trading activity across the country fell amid complaints over a lack of cash.

Eastern China (Shanghai): 3,560-3,570 yuan ($506-508) per tonne, narrowing upward by 10 yuan per tonne
Northern China (Tangshan): 3,330-3,350 yuan per tonne, down 10-20 yuan per tonne
Prices in Shanghai were stable, but traders there said trading was thinner compared with a day earlier.
A similar situation was reported in the north, which dragged down prices.

A Shanghai-based trader said that buyers were...


Miranda Song

February 25, 2020

09:35 GMT