CHINA HRC: Mills raise export offers despite weakening domestic market

February 15, 2019 / www.metalbulletin.com / Article Link

China's hot-rolled coil producers raised their export offers further on Thursday February 14 although domestic prices weakened further.

DomesticEastern China (Shanghai): 3,730-3,740 yuan ($551-553) per tonne, down 60 yuan per tonneNorthern China (Tianjin): 3,740-3,750 yuan per tonne, down 20 yuan per tonnePrices weakened during the day with market participants only willing to buy at lower prices, though trading activity picked up, a trader in Shanghai said.The pick-up in demand bodes well for the market, although uncertainties remain due...

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