Hot-rolled coil prices in China's domestic market pulled back on Thursday August 12, with market participants shifting their focus away from expectations of a drop in supplies after weak lending data sparked concerns over liquidity.
Domestic
Eastern China (Shanghai): 5,790-5,810 yuan ($894-897) per tonne, down by 30-50 yuan per tonne
The most-traded HRC contract on the Shanghai Futures Exchange moved lower on Thursday, after market sentiment was subdued by the weaker-than-expected Chinese lending data for July, which was released late on Wednesday afternoon, an eastern China industry analyst said.
Thursday's pullbacks in spot and futures prices...