CHINA HRC: Domestic prices fall on sustained weakness in demand

Spot hot-rolled coil prices in China's domestic market moved lower on Thursday August 26, with positive industry data failing to offset concerns over continued weakness in demand.

Domestic
Eastern China (Shanghai): 5,650-5,700 yuan ($872-880) per tonne, down by 20-40 yuan per tonne
The most-traded HRC contract on the Shanghai Futures Exchange saw losses accelerate during afternoon trading Thursday after iron ore futures on the Dalian Commodity Exchange came off from earlier highs.

The HRC futures contract has lost most of the gains from its most recent rally due to a sustained weakness in demand...

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