CHINA HRC: Domestic prices dip on falling futures

By Gladdy Chu / January 03, 2018 / www.metalbulletin.com / Article Link

China's hot-rolled coil prices dipped on Wednesday January 3 following weakness in the paper market.

DomesticEastern China (Shanghai): 4,280-4,300 yuan ($659-662) per tonne, down 10 yuan per tonne Northern China (Tianjin): 4,140-4,170 yuan per tonne, down 10 yuan per tonneDeclining futures dampened buying interest in the spot market, resulting in prices sliding during the day, according to market participants.But...

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