CHINA HRC: Domestic prices dip on thin buying interest

By Gladdy Chu / January 11, 2018 / www.metalbulletin.com / Article Link

China's prices for hot-rolled coil fell on Thursday January 11 amid weak procurement sentiment among downstream buyers.

DomesticEastern China (Shanghai): 4,220-4,260 yuan ($648-654) per tonne, down 20 yuan per tonne Northern China (Tianjin): 4,030-4,050 yuan per tonne, down 10-20 yuan per tonneSpot prices dipped following a softening of HRC futures during the day, according to market participants.Market inventory levels have increased over the past week amid the subdued downstream demand, according to the...

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