CHINA HRC: Domestic prices dip amid losses in futures market

Hot-rolled coil prices in China’s domestic market fell slightly on Tuesday June 8, with the futures prices extending their decline in the morning before clawing back some losses in the afternoon.

Domestic
Eastern China (Shanghai): 5,450-5,520 yuan ($853-864) per tonne, widening by 10-50 yuan per tonne.
The most-traded HRC futures contract on the Shanghai Futures Exchange touched a one-week low of 5,197 yuan per tonne on Tuesday before closing slightly above Monday’s close.

Inventories of HRC in China stood at 1.58 million tonnes as of the end of May. That is 320,000 tonnes lower than the same period last year but 50,000...

Published

Zihuan Pan

June 08, 2021

11:28 GMT

Shanghai