CHINA HRC: Domestic prices drop amid muted market

Domestic hot-rolled coil prices in China dropped on Tuesday September 14, with trading activity weakening and adverse weather constraining deliveries while sentiment deteriorated on a tumbling raw material market.

Domestic
Eastern China (Shanghai): 5,770-5,820 yuan ($895-903) per tonne, down by 80 yuan per tonne
The spot HRC market came to a near standstill in the afternoon, with the sharp price decline earlier in the day prompting downstream consumers to rethink their purchasing plans.

HRC futures on the Shanghai Futures Exchange experienced a steep drop in the afternoon after the coking coal and coke contracts on the Dalian Commodity Exchange fell for a third day. The National Development & Reform Commission had earlier this week instructed coal producers to help stabilize prices by entering...

Published

Paul Lim

Zihuan Pan

September 14, 2021

10:37 GMT

Shanghai, Singapore