CHINA HRC: Export price continues to rise on increased business from Vietnam

China’s hot-rolled coil producers won several deals to Vietnam on Thursday October 22 amid steady price gains this week.

Eastern China (Shanghai): 3,900-3,920 yuan ($586-589) per tonne, up 10 yuan per tonne
China’s domestic spot prices moved up following futures growth, but traders told Fastmarkets activity had weakened from the previous day.
A Shanghai-based trader said business lessened after sellers raised offers because buyers were reluctant to restock, believing prices could fall in the next few days.

He said many market participants believe Chinese HRC prices will soften over...


Miranda Song

October 22, 2020

09:31 GMT