CHINA HRC: Domestic prices stable despite futures losses

Hot-rolled coil prices in China's domestic market remained stable on Monday August 16, subdued by weak economic data but supported by a sharp decline in output.

Domestic
Eastern China (Shanghai): 5,750-5,810 yuan ($888-897) per tonne, upward widening by 30 yuan per tonne
The most-traded HRC contract on the Shanghai Futures Exchange slipped to 5,675 yuan per tonne on Monday morning, before clawing back some losses to finish the day at 5,703 yuan per tonne.

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