Chinese HRC prices edge up after last Friday’s futures rally

Spot prices for hot-rolled coil in China inched upward on Monday November 22 after finding support from a rally in futures prices at the end of last week.

Domestic
Eastern China (Shanghai): 4,650-4,720 yuan ($729-740) per tonne, up by 20-40 yuan per tonne

Expectations that Chinese banks will issue more loans for property projects pushed most-traded HRC contract the Shanghai Futures Exchange to a high of 4,570 yuan per tonne – the highest in more than a week –...

Published

Zihuan Pan

November 22, 2021

09:55 GMT

Shanghai