CHINA HRC: Prices drop further on low demand

China’s hot-rolled coil prices continued to fall on Wednesday January 13 amid low demand.

Domestic
Eastern China (Shanghai): 4,510-4,540 yuan ($698-702) per tonne, down 30-40 yuan per tonne
Several Shanghai-based traders said that sellers there had to offer material at lower prices to win orders amid inactive trading.
One trader said buyers were likely to keep waiting for futures prices to rebound before “possibly” restocking.

He said inventories in Shanghai over the past week were...

Published

Miranda Song

January 13, 2021

09:57 GMT

Shanghai