CHINA HRC: Weakening dollar sends export prices higher

China’s hot-rolled coil exporters raised their prices on Friday November 6 amid domestic gains, while the weakening US dollar added fuel to the fire, sources said.

Eastern China (Shanghai): 4,040-4,060 yuan ($610-613) per tonne, up 30 yuan per tonne
Northern China (Tangshan) - weekly assessment: 3,820-3,860 yuan per tonne, up 60 yuan per tonne
Domestic HRC prices continued their incline on Friday, with spot sellers raising their offers after futures gains.

One Tianjin-based trader said some speculators have helped push spot prices up because they are taking short positions in the futures market while...


Miranda Song

November 06, 2020

10:00 GMT