CHINA HRC: Export prices stable despite domestic decline

China’s domestic hot-rolled coil prices fell for a third day on Thursday October 15 amid falling futures, though the export market was stable due to limited supply.

Domestic
Eastern China (Shanghai): 3,880-3,900 yuan ($576-579) yuan per tonne, down 30 yuan per tonne
Spot prices in Shanghai fell on Thursday, with losses in the futures market resulting in sellers lowering their offers.
But trading activity picked up, several sources told Fastmarkets.
A Shanghai-based trader said that downstream demand was stable recently due to falling inventory levels in the spot market.

A domestic steel consultancy reported on Thursday that spot...

Published

Miranda Song

October 15, 2020

10:20 GMT

Shanghai