CHINA HRC: Export offers flat despite weakening domestic prices

September 09, 2020 / www.metalbulletin.com / Article Link

China's hot-rolled coil producers kept export offers stable on Tuesday September 8 despite a weakening of domestic prices.

Domestic
Eastern China (Shanghai): 3,980-4,020 yuan ($583-589) yuan per tonne, down 20-30 yuan per tonne
A Shanghai-based trader said trading activity had thinned during the day in comparison with Monday, with buyers being reluctant to place orders amid falling futures.

A second Shanghai-based trader said the day's price decreases were due to expectations that a major mill in eastern China would deliver...

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