CHINA HRC: Domestic prices extend rally

Hot-rolled coil prices in China’s domestic market cruised higher on Monday May 31, with the futures market extending its rally.

Domestic
Eastern China (Shanghai): 5,500-5,600 yuan ($864-880) per tonne, up by 100 yuan per tonne.
The most-traded HRC October contract on the Shanghai Futures Exchange hit a high of 5,535 yuan per tonne on Monday morning, extending its rally from late last week.

While spot prices strengthened, trading across China’s eastern...

Published

Zihuan Pan

May 31, 2021

10:34 GMT

Shanghai