China's hot-rolled coil sellers maintained their offers on Tuesday November 10 despite a weakening of trading activity.
Domestic
Eastern China (Shanghai): 4,080-4,090 yuan ($617-618) per tonne, narrowing downward by 10 yuan per tonne
A Shanghai-based trader said buyers stopped restocking amid falling futures, although spot prices largely held up.
A second Shanghai-based trader said most sellers kept their offers unchanged despite the weakened trading activity to maintain their margins.
He said this was to avoid sending buyers to the sidelines - if sellers in the spot market cut...