Chinese spot HRC prices dip despite futures gain

China’s domestic hot-rolled coil prices ticked lower on Friday January 14, despite the product’s futures contract resuming its rally after an output decline in early January.

Domestic
Eastern China (Shanghai): 4,900-4,920 yuan ($772-775) per tonne, down by 20 yuan per tonne
Northern China (Tangshan) weekly assessment: 4,720-4,750 yuan per tonne, up by 30-50 yuan per tonne
Spot HRC prices in eastern China widened upward by 10 yuan per tonne from last Friday’s price of 4,900-4,930 yuan per tonne.
The most-traded HRC contract on the Shanghai Futures Exchange resumed its rally on Friday after a slight pullback on Thursday and posted a second straight positive week.

The China Iron and Steel Association said on Friday that daily crude steel output from...

Published

Paul Lim

Zihuan Pan

January 14, 2022

11:06 GMT

Shanghai, Singapore