China's hot-rolled coil prices weakened on Monday May 27 amid thin trading in both the domestic and export markets.
DomesticEastern China (Shanghai): 4,000-4,020 yuan ($580-582) per tonne, widening downward by 10 yuan per tonneNorthern China (Tianjin): 3,900-3,910 yuan per tonne, down 10 yuan per tonneLow trading activity led to prices falling in the spot market.The futures market also weakened, but a Tianjin-based trader said this had little to do with the downward movement for spot prices.Instead, he thinks...