CHINA HRC: Prices stable amid thin trading

Spot prices for hot-rolled coil in China were stable on Monday October 25, with thin liquidity and volatile prices keeping buyers in wait-and-see mode, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 5,550-5,600 yuan ($870-877) per tonne, unchanged
The most-traded HRC contract on the Shanghai Futures Exchange resumed its decline on Monday, finishing the day at 5,180 yuan per tonne, which is its lowest closing price in four months.

Lingering panic across the markets weighed on steel prices, a Shanghai-based analyst said, with market sentiment remaining subdued following the broad-based decline last week caused by central government moves to rein in soaring coal...

Published

Zihuan Pan

October 25, 2021

11:23 GMT

Shanghai, Singapore