CHINA HRC: Trading active amid price declines

China's hot-rolled coil prices declined for the second consecutive day on Tuesday December 15 after reaching a nine-year high on December 11, but trading activity has picked up, sources said.

Domestic
Eastern China (Shanghai): 4,470-4,480 yuan ($683-685) per tonne, down 10-40 yuan per tonne
One Shanghai-based trader said she had won more deals on Tuesday than a day ago after cutting offers and that market sentiment had turned buoyant after futures prices rallied in the afternoon.

A second Shanghai-based trader believes most market participants remain bullish on the price trend, although China Iron & Steel Association's...

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