Spot prices for hot-rolled coil in China fell on Wednesday October 20, after futures tumbled to a one-week low amid a broad-based decline led by coal-related products.
Domestic
Eastern China (Shanghai): 5,700-5,780 yuan ($892-904) per tonne, down by 20-80 yuan per tonne
The most-traded January HRC contract on the Shanghai Futures Exchange shed 186 yuan per tonne (3.24%) from the previous day's closing price to end at a one-week low of 5,550 yuan per tonne on Wednesday.
At the same time, the most-traded contracts for key steelmaking raw materials coke and coking coal...