China's hot-rolled coil prices continued to increase on Tuesday November 3, which forced buyers in Vietnam to accept higher levels than the week prior, sources said.
Domestic
Eastern China (Shanghai): 3,980-3,990 yuan ($594-596) per tonne, up 10 yuan per tonne
Sellers in eastern China raised their offers amid futures gains in the morning session before futures prices fell in the afternoon, yet offers in the spot market were unchanged despite thinner trading, several sources in Shanghai told Fastmarkets.
One Shanghai-based trader believes HRC spot prices could fall in the next few days if futures continue to weaken, but the falls will...