CHINA HRC: Export prices rise despite domestic weakness

By Gladdy Chu / March 06, 2018 / www.metalbulletin.com / Article Link

China's hot-rolled coil export prices surged on Tuesday March 6 with a few importers agreeing to pay more despite a softening of the country's domestic market.

DomesticEastern China (Shanghai): 4,100-4,120 yuan ($646-650) per tonne, down by 20 yuan per tonneNorthern China (Tianjin): 4,040-4,060 yuan per tonne, down by 30 yuan per tonneSpot prices fell amid a stronger interest among market participants to cash out, sources said.Trading activity also picked up after two days of price drops.Export Metal Bulletin fob China HRC Index: $620.81 per tonne fob, up...

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