CHINA HRC: Domestic prices flat before public holiday

By Jessica Zong / June 15, 2018 / www.metalbulletin.com / Article Link

China's domestic hot-rolled coil prices were largely flat on Friday June 15, with traders and buyers in wait-and-see mode before the country's upcoming three-day public holiday.

DomesticEastern China (Shanghai): 4,310-4,320 yuan ($674-675) per tonne, narrowed by 10 yuan per tonne at both ends of the range.Northern China (Tianjin): 4,240-4,250 yuan per tonne, narrowed down by 10 yuan per tonneHRC prices have been relatively stable ahead of the three-day Dragon-boat Festival.Investors, traders and sellers have taken a wait-and-see position ahead of the holiday, which has led to little change in prices and a retreat...

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