Chinese hot-rolled coil prices were mixed on Wednesday December 11, with those in the east of the country rising due to tight supply and those in the north flat amid sluggish demand.
Domestic
Eastern China (Shanghai): 3,880-3,890 yuan ($551-553) per tonne, up 60 yuan per tonne
Northern China (Tangshan): 3,660 yuan per tonne, unchanged
Spot prices in eastern China surged amid active trading, with supply in the region remaining short due to destocking over the past several months, a source in Shanghai said.
By comparison, ex-works prices in northern China were unchanged from the day prior, with trading activity being...