China's hot-rolled coil prices weakened on Tuesday October 13, allowing some exporters to cover their short positions and take profits.
Domestic
Eastern China (Shanghai): 3,920-3,940 yuan ($583-586) yuan per tonne, narrowing downward by 10 yuan per tonne
Several Shanghai-based traders said trading activity had weakened there on Tuesday, which dampened prices slightly.
One trader said it was because downstream buyers had less demand after restocking in the two days immediately after the end of China's eight-day Golden Week national holiday.
A Tianjin-based...