CHINA HRC: Northern China prices down on de-stocking

November 29, 2018 / www.metalbulletin.com / Article Link

China's hot-rolled coil prices were mixed on Wednesday November 28, with those in the east of the country flat but those in the north lower.

DomesticEastern China (Shanghai): 3,570-3,590 yuan ($514-516) per tonne, unchangedNorthern China (Tianjin): 3,480-3,500 yuan per tonne, down 30-40 yuan per tonneSellers in eastern China stopped kept their prices stable on the recovery in the futures market.Sellers in northern China, however, cut prices as they looked to reduce inventories, market sources said.Trading...

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