CHINA HRC: Rebounding futures boost trading, but prices fall

Trading activity picked up in China’s hot-rolled coil market on Friday September 11 in response to rising futures, though prices weakened from a day earlier.

Eastern China (Shanghai): 3,890-3,920 yuan ($569-574) yuan per tonne, down 30 yuan per tonne
Northern China (Tangshan) - weekly assessment: 3,880-3,900 yuan per tonne, down 10-20 yuan per tonne
Sellers in Shanghai issued offers at 3,890-3,910 yuan per tonne in the morning before raising these to 3,900-3,920 yuan per tonne in the afternoon in response to the increased demand in the spot market.

A Shanghai-based trader said buyers had returned to...


Miranda Song

September 11, 2020

09:38 GMT