CHINA HRC: Mixed moves in export market as rebate uncertainty persists

China's hot-rolled coil prices rallied on Tuesday April 13 following gains in the futures market, but export offers from mills were mixed due to the lingering uncertainty surrounding a reduction in the export rebate.

Domestic
Eastern China (Shanghai): 5,410-5,500 yuan ($826-840) per tonne, up 60-110 yuan per tonne
A Shanghai-based trader said spot sellers there were offered 5,410-5,430 yuan per tonne in the morning, but deals at 5,490-5,500 yuan per tonne could be won in the afternoon following a rebound in the futures market.

A second Shanghai-based trader said downstream demand remains robust, especially because end users were in a rush to restock in fear of further price...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold