CHINA HRC: Widened arbitrage window boosts trading activity

September 19, 2019 / www.metalbulletin.com / Article Link

Active trading in China's domestic hot-rolled coil market kept prices unchanged on Wednesday September 18.

DomesticEastern China (Shanghai): 3,690-3,700 yuan ($521-522) per tonne, unchangedNorthern China (Tangshan): 3,600-3,620 yuan per tonne, unchangedHRC futures were trending upward for most of the day before finally diving in the last 20 minutes of trading. The earlier uptrend led sellers to maintain their prices at prevailing rates.Buyers who were...

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