China's domestic hot-rolled coil prices dipped on Wednesday November 11, but producers were reported to have secured export orders at higher prices than last week.
Domestic
Eastern China (Shanghai): 4,060-4,080 yuan ($614-617) per tonne, down 10-20 yuan per tonne
Sellers in Shanghai cut their offers on Wednesday to generate more sales after trading activity weakened in response to falling futures, several sources told Fastmarkets.
Trading activity was largely moderate on Wednesday, but better than on Tuesday, a Shanghai-based trader said.
He said downstream demand was stable, with market sentiment fluctuating amid changes in the futures market, which in turn...