CHINA HRC: Prices rise further in Shanghai on rising futures, but trading thins

September 05, 2019 / www.metalbulletin.com / Article Link

Hot-rolled coil prices in eastern China gained more strength on Wednesday September 4, while those in the northern region fell amid thin trading.

DomesticEastern China (Shanghai): 3,670-3,690 yuan ($511-514) per tonne, up 20 yuan per tonneNorthern China (Tangshan): 3,630-3,640 yuan per tonne, down 10 yuan per tonneIn Shanghai, spot prices rose after mills raised their offers in the morning amid gains in the futures market. But trading activity was lower than that on Tuesday, a trader in the city said.In Tangshan, trading activity also fell day on day, which forced mills in the city...

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