CHINA HRC: Export prices fall amid poor trading [CORRECTED]

Hot-rolled coil prices in China’s domestic market edged higher on Friday June 18, while export prices fell as overseas buyers became more cautious due to the potential imposition of export taxes.

Domestic
Eastern China (Shanghai): 5,500-5,530 yuan ($853-858) per tonne, up by 20-30 yuan per tonne.
Northern China (Tangshan): weekly assessment: 5,450-5,480 yuan per tonne, down by 90-100 yuan per tonne.
Spot prices edged up on Friday, with the most-actively traded HRC contract on the Shanghai Futures Exchange reaching an intraday high of 5,470 yuan per tonne before reversing those gains to end the day slightly lower.

The ferrous metals complex retreated across the board on Friday, after the strong performance of coking coal and coke led to higher prices on Thursday....

Published

Zihuan Pan

June 18, 2021

19:10 GMT

Shanghai