CHINA HRC: Domestic prices dip; demand lull dampens support from RRR cut

Hot-rolled coil prices in China's domestic market slipped on Tuesday July 13, with futures prices sideways while market participants weighed Beijing's latest easing measure against the ongoing seasonal demand lull.

Domestic
Eastern China (Shanghai): 5,780-5,820 yuan ($894-900) per tonne, narrowing downward by 30 yuan per tonne
The most-actively traded HRC contract on the Shanghai Futures Exchange reversed earlier losses to finish Tuesday a tad higher than the previous day's close.

But the contract has still been elevated since May 19, supported by expectations of production cuts and the latest easing measure - a 50-basis-point reduction in...

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