CHINA HRC: Export offers rise amid stable domestic market

Export offers for Chinese hot-rolled coil have risen by $5 per tonne on Tuesday August 25 compared with a week earlier on a stable domestic market, though thin trading has raised doubts among sources about whether the increases would stick.

Domestic
Eastern China (Shanghai): 4,040-4,060 yuan ($584-587) yuan per tonne, unchanged
Domestic prices were stable during the day but trading activity further weakened amid rising inventory levels.
A Shanghai-based trader said that the drop was due to pessimism generated by losses in the futures market in the afternoon.
The sentiment among market participants is largely mixed.

Some of them believe prices will weaken further on an expected rise in stock levels due to traders in Shanghai booking cargoes...

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