China's domestic hot-rolled coil prices were largely stable on Thursday April 23 despite falling futures. Some exporters have become more optimistic about overseas prospects amid reports of an easing of a lockdown in Vietnam to contain the Covid-19 virus.
Domestic
Eastern China (Shanghai): 3,300-3,320 yuan ($466-469) per tonne, narrowing upward by 10 yuan per tonne
Northern China (Tangshan): 3,240 yuan per tonne, unchanged
Sellers in Shanghai started the day by offering HRC at around 3,320 yuan per tonne in the morning. But they later had to lower prices to around 3,300 yuan per tonne in the afternoon after sentiment was dampened by declining futures.
Trading activity across the country was thinner...