Chinese HRC prices retreat with weak demand subduing market morale

China’s spot hot-rolled coil prices fell on Wednesday June 22, giving back gains from the previous day’s rally, with market sentiment remaining subdued by weak demand.

Eastern China (Shanghai): 4,270-4,280 yuan ($635-637) per tonne, down by 70 yuan per tonne

The most-traded HRC contract on the Shanghai Futures Exchange dropped on Wednesday, marking...


Zihuan Pan

June 22, 2022

10:25 GMT