China's hot-rolled coil prices continued to rise on Thursday April 19 with the paper market posting more gains following the release of data showing a drop in inventory levels.
DomesticEastern China (Shanghai): 4,000-4,050 yuan ($637-645) per tonne, up by 30 yuan per tonneNorthern China (Tianjin): 3,940-3,960 yuan per tonne, up by 20 yuan per tonne Inventory levels in the spot market continued to drop on a week-on-week basis, falling by 62,300 tonnes, compared with a drop of 112,200 tonnes a week earlier, according to data released by...