CHINA HRC: Early gains in futures market prop up prices in eastern region

Hot-rolled coil prices in eastern China increased on Friday October 29 on early gains in the futures market and a pick-up in spot buying activity.

Domestic
Eastern China (Shanghai): 5,330-5,340 yuan ($834-836) per tonne, up by 40 yuan per tonne
Northern China (Tangshan) weekly assessment: 5,300-5,350 yuan per tonne, down by 250-270 yuan per tonne
The most-traded January HRC futures contract on the Shanghai Futures Exchange rose to a high of 5,145 yuan per tonne in the first trading hour of day, pushing up prices and trading activity in spot market.

Published

Jessica Zong

October 29, 2021

09:50 GMT

Shanghai