CHINA HRC: Demand concerns weigh on prices

Spot prices for hot-rolled coil (HRC) in China retreated on Monday October 18 with the latest economic data sparking concerns over demand.

Domestic
Eastern China (Shanghai) was 5,700-5,800 yuan ($886-901) per tonne, down by 30-60 yuan per tonne.
Offers for spot HRC in Shanghai slipped to lows of 5,700-5,720 yuan per tonne on Monday morning, with the most-traded HRC contract on the Shanghai Futures Exchange for January delivery falling to an intraday low of 5,580 yuan per tonne.

The drop was due to emerging demand...

Published

Zihuan Pan

October 18, 2021

10:40 GMT

Shanghai