Chinese HRC prices rise on hopes of more monetary easing

China’s spot prices for hot-rolled coil extended gains on Wednesday January 18, with market sentiment turning bullish after China’s central bank signaled more monetary easing to boost the country’s economy.

Domestic
Eastern China (Shanghai): 4,940-4,960 yuan ($778-781) per tonne, up by 40 yuan per tonne

The most-traded HRC contract on the Shanghai Futures Exchange hit an intraday high...

Published

Paul Lim

Zihuan Pan

January 19, 2022

10:48 GMT

Shanghai, Singapore