CHINA HRC: Exporters withdraw offers on tariff concerns

China’s domestic prices for hot-rolled coil increased on Monday July 26 due to early-hour futures gains, but the export market was inactive due to participants’ concern about a possible export duty.

Eastern China (Shanghai): 5,900-5,910 yuan ($910-911) per tonne, narrowing upward by 40 yuan per tonne
Some sellers raised prices following strong futures in the morning.
The most-traded October HRC contract at the Shanghai Futures Exchange reached 6,068 yuan per tonne in the morning, up by 100 yuan per tonne from last Friday’s closing price.



Jessica Zong

July 26, 2021

10:15 GMT