CHINA HRC: Domestic prices strengthen amid push for faster work resumption

China’s domestic hot-rolled coil prices gained strength on Wednesday March 11 amid improved sentiment generated by government measures encouraging businesses to return to work.

Eastern China (Shanghai): 3,510-3,520 yuan ($505-506) per tonne, up 20 yuan per tonne
Northern China (Tangshan): 3,340 yuan per tonne, up 30-50 yuan per tonne
A Shanghai-based trader said trading activity picked up on Wednesday, which pushed up prices.

Trading activity in the afternoon was even better than that in the morning due to securities companies rushing to buy physical cargoes in the spot market in response to HRC futures rising as high as 3,527 yuan per tonne during the morning session....


Miranda Song

March 11, 2020

09:58 GMT