China's hot-rolled coil exporters kept their offer prices largely unchanged in the week to Friday January 4, amid stable domestic prices, sources told Fastmarkets MB.
DomesticEastern China (Shanghai): 3,640-3,650 yuan ($529-531) per tonne, unchangedNorthern China (Tianjin): 3,560-3,580 yuan per tonne, up 10 yuan per tonneTrading was moderate on Friday, with a slight uptick in activity because some downstream buyers often need to restock for overtime work at the weekend.Market participants, meanwhile, said the rebound in trading activity in the spot market was partly due to rallies in the futures market.The ferrous futures market has been gaining over the past two days following growth in the financial markets as a...