CHINA HRC: Domestic prices rally amid active trades

Prices of hot-rolled coil in China’s domestic market edged higher on Friday August 20 following two days of sharp losses sparked by increased demand concerns.

Domestic
Eastern China (Shanghai): 5,620-5,670 yuan ($865-872) per tonne, up by 20-50 yuan per tonne
Northern China (Tangshan): weekly assessment: 5,600-5,640 yuan ($862-868) per tonne, down by 100-110 yuan per tonne
The most-traded HRC contract on the Shanghai Futures Exchange rallied from seven-week lows on Friday, buoyed by likely demand recovery from a seasonal lull and the ongoing production curbs, a Shanghai-based industry analyst said.

Trading liquidities across the spot HRC markets were active on Friday after downstream users stepped up their...

Published

Zihuan Pan

August 20, 2021

11:31 GMT

Shanghai