CHINA HRC: Prices drop despite another output decline

Spot prices for hot-rolled coil in China dropped on Friday September 24 after futures prices fell for a second day on growing demand concerns, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 5,680-5,720 yuan ($879-885) per tonne, down by 40-60 yuan per tonne
Northern China (Tangshan) weekly assessment: 5,670-5,740 yuan per tonne, widening downward by 30 yuan per tonne
The most-traded HRC contract on the Shanghai Futures Exchange touched a new three-week low of 5,502 yuan per tonne and posted another one-day loss of more than 100 yuan per tonne on Friday.

The loss came...

Published

Zihuan Pan

September 24, 2021

10:55 GMT

Shanghai