China's hot-rolled coil exporters kept offer prices high on Tuesday January 8 following stable prices in the domestic market, although overseas buyers are bidding much lower with access to cheaper goods from other countries.
DomesticEastern China (Shanghai): 3,660-3,680 yuan ($534-537) per tonne, widening downward 10 yuan per tonneNorthern China (Tianjin): 3,620-3,650 yuan per tonne, up 20-30 yuan per tonnePrices were supported by stable demand from end users, although thin trading in Shanghai dragged the bottom price lower, sources told Fastmarkets MB.Participants said they believe prices will likely be fairly stable in the coming days as supply is relatively short. "Even if prices drop as demand...