CHINA HRC: Domestic spot trading improves, prices slip

August 10, 2021 / www.metalbulletin.com / Article Link

Trading activities across China's domestic hot-rolled coil spot market improved on Monday August 9 after prices declined.

Domestic
Eastern China (Shanghai): 5,720-5,780 yuan ($883-892) per tonne, down by 20-70 yuan per tonne
The most-traded HRC contract on the Shanghai Futures Exchange slipped to a three-day low of 5,651 yuan per tonne on Monday morning, before clawing back some losses to finish the day slightly lower at 5,746 yuan per tonne.

Industry analysts attributed Monday's losses to waning cost support, increasing concerns over demand and the...

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