CHINA HRC: Prices continue decline amid thin trading

China’s hot-rolled coil (HRC) prices have continued to fall since reaching a new annual peak on December 22 amid thin trading, sources told Fastmarkets on Tuesday December 29.

Domestic
Eastern China (Shanghai): 4,550-4,580 yuan ($696-701) per tonne, down 50-70 yuan per tonne
One Shanghai-based trader said he could have secured some small deals at 4,560-4,580 yuan per tonne, yet a second Shanghai-based trader said she received no bids when she asked as low as 4,550 yuan per tonne.

Both sources said buyers are waiting for prices to further drop...

Published

Miranda Song

December 29, 2020

09:40 GMT

Shanghai