CHINA HRC: Export offers rise above $440 per tonne amid domestic gains

China’s hot-rolled coil producers have raised their offers above $440 per tonne fob after domestic prices strengthened further on Tuesday June 2.

Domestic
Eastern China (Shanghai): 3,650-3,680 yuan ($512-516) per tonne, widening upward by 20 yuan per tonne
Northern China (Tangshan): 3,630 yuan per tonne, unchanged
A Shanghai-based trader said sellers in the city issued offers of 3,650-3,660 yuan per tonne in the morning, a strengthening of the futures market led them to raise those numbers up to 3,680 yuan per tonne in the afternoon.

The domestic market was active on Tuesday, though most transactions were concluded around 3,670 yuan per tonne in the afternoon rather than the...

Published

Miranda Song

June 02, 2020

11:31 GMT

Shanghai