CHINA HRC: Trading activity weakens on persistently high prices

Trading activity in China's hot-rolled coil market weakened on Wednesday July 15 amid reluctance among buyers to pay prevailing prices, which are deemed as high, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 3,890-3,900 yuan ($556-557) per tonne, unchanged
HRC prices in eastern China have risen to their highest level since January 10 after sellers raised their offers steadily since last week on a strong futures market.
Market participants expect prices to stay high over the next few days, "as long as futures remain largely stable."

A trader based in Anhui province believes Chinese investors are flush with cash and as such, will help keep HRC futures prices high for a while longer, similar to how it is with the...

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain

Rise in gold stocks propels TSXV Mining

Market sees gold sector nearing full value overall after target upgrades