CHINA HRC: Rebounding futures boost domestic prices

June 12, 2019 / www.metalbulletin.com / Article Link

China's domestic hot-rolled coil prices bounced back on Tuesday June 11 amid robust trading supported by rebounding futures.

DomesticEastern China (Shanghai): 3,840-3,850 yuan ($554-556) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,780-3,800 yuan per tonne, up 40-50 yuan per tonneTrading activity rose during the day amid gains in the futures market, in contrast with the subdued buying over the last few days.A Hangzhou-based trader said buyers had been putting off their restocking plans amid...

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