CHINA HRC: Domestic prices extend gains on futures price uptick

Hot-rolled coil prices in China's domestic market extended their gains on Friday June 4, as the futures prices saw another choppy trading session.

Domestic
Eastern China (Shanghai): 5,580-5,630 yuan ($872-879) per tonne, up by 30 yuan per tonne.
Northern China (Tangshan) weekly assessment: 5,520-5,580 yuan per tonne, up by 170-200 yuan per tonne.

Friday's small increase in spot prices came with gains in futures prices. The most-traded HRC contract on the Shanghai Futures Exchange for October delivery rose in earlier trades before closing 56 yuan per tonne lower. The futures contract rose 106 yuan per...

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