China's domestic and export prices for hot-rolled coil weakened on Monday July 2 with trading activity remaining thin, sources told Metal Bulletin.
DomesticEastern China (Shanghai): 4,240-4,270 yuan ($640-645) per tonne, widened downward by 20 yuan per tonneNorthern China (Tianjin): 4,130-4,180 yuan per tonne, widened downward by 40 yuan per tonneWhile traders in Shanghai were asking for 4,260-4,270 yuan per tonne in the morning - the same level as last Friday - they had to lower their offers significantly in the afternoon due to a big drop in trading activity, a Shanghai-based trader said.The situation in the market in Tianjin was similar, with traders in...