China's domestic hot-rolled coil prices edged lower on Thursday July 22 after market participants reacted to Beijing's latest efforts to stabilize commodity prices.
Domestic
Eastern China (Shanghai): 5,800-5,900 yuan ($897-912) per tonne, widening by 20-60 yuan per tonne
The most-traded HRC contract on the Shanghai Futures Exchange touched an intraday low of 5,802 yuan per tonne in early afternoon trade, its lowest in more than one week, before it rebounded to finish the day slightly higher than Wednesday's close.
China's top economic planner has asked local price supervision authorities to step up checks and manage expectations,...