China's HRC price fall leads to muted trading activity

Spot trading activity for hot-rolled coil in China was muted on Friday November 12 amid falling prices, after euphoria over a possible easing in property financing waned and raw materials pulled back on improved coal supply.

Domestic
Eastern China (Shanghai): 4,760-4,810 yuan ($744-752) per tonne, down by 90 yuan per tonne
Northern China (Tangshan) weekly assessment: 4,900-4,930 yuan per tonne, down by 130-160 yuan per tonne
Spot HRC prices in eastern China ended the week down by 190-200 yuan from last Friday's 4,960-5,000 yuan per tonne.

Prices for ferrous products - rebar, HRC, iron ore, coke and coking coal - on the Shanghai Futures Exchange and Dalian Commodity Exchange fell across the board on Friday, giving back most or all of...

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