CHINA HRC: Prices slide after government call for stable commodity prices, stock plunges

China’s hot-rolled coil prices fell on Thursday May 13 after Premier Li Keqiang called for stable commodity prices on Wednesday, with falls in global stock markets also dampening sentiment.

Eastern China (Shanghai): 6,520-6,710 yuan ($1,011-1,041) per tonne, up by 110-180 yuan per tonne
Spot sellers in Shanghai secured some deals at around 6,710 yuan per tonne in the morning, but had to lower their prices to 6,520-6,540 yuan per tonne in the afternoon following the plunge in futures.

Ferrous futures prices fell on Thursday after Li Keqiang announced the government would be staying alert for fast...


Miranda Song

May 13, 2021

10:39 GMT