CHINA HRC: Rebounding prices spark buying interest in Vietnam

China’s domestic hot-rolled coil market gained some strength on Thursday September 24, which motivated buyers in Vietnam to pay higher prices.

Domestic
Eastern China (Shanghai): 3,840-3,850 yuan ($565-566) yuan per tonne, narrowing upward by 10 yuan per tonne
A Shanghai-based trader said sellers in the city were able to secure orders at slightly higher prices on Thursday after rising futures improved sentiment.

A second Shanghai-based trader said this had emerged as a result of reports of a drop in HRC output among producers in the past week. This led to expectations among market...

Published

Miranda Song

September 24, 2020

10:30 GMT

Shanghai