CHINA HRC: Trading activity limited ahead of Labor Day holidays

China’s domestic hot-rolled coil prices weakened on Friday April 30, with only limited trading ahead of the Labor Day holiday.

Domestic
Eastern China (Shanghai): 5,760-5,770 yuan ($890-892) per tonne, down 10-20 yuan per tonne
Northern China (Tangshan) - weekly assessment: 5,620-5,660 yuan per tonne, up 120-130 yuan per tonne
Several Shanghai-based traders said there had been few deals done on Friday, with most buyers suspending trading before the Labor Day holiday starting on May 1.
China’s steel market will resume trading on May 6.

Published

Miranda Song

April 30, 2021

09:52 GMT

Shanghai