CHINA HRC: Buyers in Vietnam more willing to buy

China’s hot-rolled coil prices weakened on Wednesday October 14 after trading thinned, though buyers in Vietnam raised their bids for Chinese products slightly.

Domestic
Eastern China (Shanghai): 3,910-3,930 yuan ($581-584) yuan per tonne, down 10 yuan per tonne
A Shanghai-based trader said sentiment was affected by falling futures on Wednesday, which resulted in spot prices dipping.
Trading activity in the spot market was thinner during the day than on Tuesday, he said.
But he does not expect prices to experience any more substantial decreases in the short term due to a drop in HRC inventory levels in the past few days.

He said inventory...

Published

Miranda Song

October 14, 2020

09:40 GMT

Shanghai